Under the ‘On Tap’ application facility for the theme ‘Retail Payments’ of the Regulatory Sandbox (RS), HDFC Bank (in partnership with Crunchfish AB) was selected for the Test Phase which was communicated vide Press Release dated September 05, 2022.

2.  An ‘Offline Retail Payments’ product outlined below completed the ‘Test Phase’ and was evaluated based on mutually agreed test scenarios and expected outcomes.

3.  The product of the aforesaid entity has now exited the RS and may be considered for adoption by Regulated Entities subject to compliance with applicable regulatory requirements.

(Yogesh Dayal)      
Chief General Manager

Press Release: 2023-2024/1461