The Reserve Bank of India (RBI) issued a framework allowing offline payments up to Rs 200 per transaction to an overall limit of Rs 2,000, to push digital transactions in rural and semi-urban areas.
Under the offline mode, payments can be carried out face-to-face using any channel or instrument like cards, wallets, and mobile devices. These transactions will not require an additional factor of authentication.
The central bank said, “Since the transactions are offline, alerts will be received by the customer after a time lag. Balance replenishment can only occur in an online mode.” The offline mode of payment can be enabled only after obtaining specific consent of the customer. Customers will enjoy protection under the provisions of circulars limiting customer liability issued by Reserve Bank.
It further stated, “The issuer shall send transaction alerts to users as soon as transaction details are received. There is no compulsion to send alerts for each transaction. However, details of each transaction should be adequately conveyed. The acquirer shall incur all liabilities arising out of technical or transaction security issues at merchant’s end.”
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