TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Launches Pilot for Offline Retail Payments to Boost Digital Transactions in Poor Connectivity Areas; Capped at Rs. 200/Transaction.</h1> The Reserve Bank of India (RBI) announced a pilot scheme for offline retail payments using cards, wallets, or mobile devices, targeting areas with poor internet connectivity to boost digital payment adoption. The scheme, running until March 31, 2021, allows authorized payment system operators to offer offline payment solutions without requiring internet connectivity. Transactions are capped at Rs. 200 per transaction and Rs. 2,000 total per instrument, with no Additional Factor of Authentication needed. Real-time alerts will be sent to users, and contactless payments must adhere to EMV standards. The RBI may halt the pilot for non-compliance with the outlined conditions.
TaxTMI 
TaxTMI 
