Now you can transfer money even without internet. The Reserve Bank of India had started work on a project to promote digital payments. Through this project, it was prepared to make digital payment without internet. Payment through this project can be done only face-to-face.
Updated: January 05, 2022 10:10:56 am
New Delhi. In today’s time internet has become the need of everyone. Today internet has become everything. Mobiles, computers and laptops etc. everything is useless without it. Net is also used to transfer money. But now you will be able to transfer money even without internet. The Reserve Bank of India had started work on a project to promote digital payments. Through this project, it was prepared to make digital payment without internet. According to the Reserve Bank, now internet will not be required for digital payment up to Rs 200. That is, now no one will need internet to send money. Let’s see how this project works.
Offline Digital Payment
Approval given after testing
Payment through this project can be done only face-to-face. In order to promote small digital transactions in offline mode, RBI has collaborated with some bodies. It was tested from September 2020 to July 2021. After this, on August 6, the Reserve Bank had approved the pilot scheme related to it.
Transfer money without internet
Through this project of RBI, you will be able to do money transactions without internet. There will be no need for internet or telecom collectivity for offline payment. According to the RBI, the Authorized Payment System Operators (PSOs) and Payment System Participants (PSPs) will have to follow the new guidelines for adopting such offline digital payments. RBI said that a maximum amount of Rs 2000 can be paid in this way at a time. Once the limit is over, it can be increased through online.
Also read: PPF: Investment of Rs 500 can make crorepati, know the benefits of this government scheme
Digital will accelerate in rural areas
This new project of RBI will accelerate digital payments in rural areas. Even today many people in rural areas do not have a smartphone. Apart from this, there are many places where there is a network problem. It is very difficult to make digital payment in such a place. In such a situation, this new project will encourage digital transactions in rural areas.
Also read: How to avoid fraud in online transactions, know 10 smart tips
Source: Patrika : India's Leading Hindi News Portal by www.patrika.com.
*The article has been translated based on the content of Patrika : India's Leading Hindi News Portal by www.patrika.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!