India's Digital Rupee to soon support offline transactions
Shortpedia
Content Team
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India's Central Bank Digital Curreny (CBDC), also known as Digital Rupee, will soon support offline transactions so that you can make payments in areas with limited or no internet access, as per the Reserve Bank of India (RBI). RBI Governor Shaktikanta Das has announced that various offline solutions would be tested in hilly, rural, and urban settings. The current CBDC-R (retail) pilot allows Person to Person (P2P) and Person to Merchant (P2M) transactions through Digital Rupee wallets from participating banks.
