RBI approves HDFC Bank's product on offline retail payments for adoption
Under the 'On Tap' application facility for the theme 'Retail Payments' of the Regulatory Sandbox (RS), HDFC Bank (in partnership with Crunchfish AB) was selected for the Test Phase, as per a statement.
The RBI, in the statement, said the product "may be considered for adoption by regulated entities, subject to compliance with applicable regulatory requirements". Image Courtesy: Reuters.