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HDFC Bank, Precision selected by RBI for retail payments test phase

HDFC Bank, Precision selected by RBI for retail payments test phase

HDFC Bank, Precision selected by RBI for retail payments test phase: The Reserve Bank of India has announced that HDFC Bank (in partnership with Sweden-based Crunchfish Aktiebolag) and Precision Biometric India Pvt. Ltd has been selected for the test phase for their ‘offline retail payments’ and ‘InnaIT Key Solution for Banking’ products under the ‘On Tap’ application facilities for the theme ‘Retail Payments’ under the Regulatory Sandbox.

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Key Points Related to ‘Offline Retail Payments

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