Framework for Facilitating Small Value Digital Payments in Offline Mode - আরবিআই - Reserve Bank of India
Framework for Facilitating Small Value Digital Payments in Offline Mode
RBI/2021-22/146 January 03, 2022 The Chairman / Managing Director / Chief Executive Officer Madam / Dear Sir, Framework for Facilitating Small Value Digital Payments in Offline Mode Reserve Bank had, vide circular dated August 06, 2020, permitted a pilot scheme to encourage technological innovations that enable small value digital transactions in offline mode. It was stated therein that the decision on formalising such a system would be based on the experience gained. 2. Pilot testing was undertaken by some entities during the period from September 2020 to July 2021. With encouraging feedback from the pilots, it was announced in the Statement on Developmental and Regulatory policies dated October 08, 2021, that a framework for carrying out small value digital payments in offline mode across the country would be introduced. 3. Accordingly, the framework to enable small value digital payments in offline mode using cards, wallets, mobile devices, etc., is detailed in Annex. Authorised Payment System Operators (PSOs) and Payment System Participants (PSPs) – Acquirers and Issuers (banks and non-banks) - shall ensure compliance with all the applicable instructions. 4. This directive is issued under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007) and shall come into effect immediately. Yours faithfully, (P Vasudevan) CO.DPSS.POLC.No.S1264/02-14-003/2021-2022 dated January 03, 2022 An offline payment means a transaction which does not require internet or telecom connectivity to take effect. Authorised Payment System Operators (PSOs) and Payment System Participants (PSPs) – Acquirers and Issuers (banks and non-banks) – desirous to provide / enable payment solutions that facilitate small value digital payments in offline mode shall comply with the following requirements:
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