IDFC First Bank has partnered with Swedish company -- Crunchfish to pilot a project to demonstrate offline retail payments. IDFC First Bank is set to be a part of RBI's pilot project to enable offline payments. The project will give access to digital payments even when there is no network. The unique digital payment solution was designed by Crunchfish for merchants and customers under the RBI's Regulatory Sandbox Program. This project will provide support for offline retail payments based on a Digital Cash platform to the payment ecosystem of India.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.
