Offline payments can be made using any channel or instrument like cards, wallets, and mobile devices, the RBI had stated.
According to the RBI, an offline payment means a transaction not requiring internet or telecommunication (telecom) connectivity to take effect.
"Offline transactions are expected to give digital transactions a push in areas with poor or weak internet or telecom connectivity, particularly in semi-urban and rural areas," the RBI said.
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Adani-Holcim deal may cement consolidation
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