Offline Payment

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  HP Gas Booking Numbers: How to Book LPG Cylinder Using Different Methods

  Booking an LPG cylinder when you don't have a gas pipeline in your locality can be a tedious task. Questions like which number to call, which app to download, and where to go come to one's mind. To help its customers, HP Gas allows people to book a refill or a new cylinder through various online and offline methods. There is an HP Pay app, availabl...

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  PhonePe to Launch UPI Payments App for Feature Phones With P2P Transfers, Offline QR Payments

  PhonePe announced on Friday that it is planning to launch a Unified Payments Interface (UPI) solution for feature phone users in India. The digital payments and financial services company highlighted that the payment solution will be built on the UPI 123Pay technology. The service will be built on conversational engagement platform Gupshup’s GSPa...

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  Huawei’s HarmonyOS Next Reportedly Gains Support for China’s Digital Yuan

  Huawei’s HarmonyOS Next now reportedly offers support for China’s e-CNY CBDC. The aim here is to drive widespread adoption of the digital currency. As one of China’s leading smartphone brands, Huawei reportedly serves nearly a billion users, potentially enabling broad access to the e-CNY and accelerating its reach to the masses.

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  RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials

  Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...

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  Hong Kong's HKMA to Upgrade e-HKD CBDC With Programmability, Offline Payment Features Similar to eRupee

  Hong Kong is officially launching its e-HKD CBDC into its second, extended trial phase. the HKMA plans to equip the e-HKD CBDC with programmability and offline payments features. Another CBDC use case that Hong Kong is zealously exploring, is its use for tokenised deposits.

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  How Digital Payments Changed Consumer Behaviour, Revealed In Kearney Report

  The surge in digital payments for online purchases has led to a permanent shift in the behaviour of consumers, a report by Kearney observed in its report titled, " How Urban India Pays" adding that even it is influencing offline transactions as well.

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  RBI Proposes Support for CBDC Distribution via Non-Bank Payment Operators

  The RBI has decided to expand ways to distribute the CBDC within the retail ecosystem. Until now, India's CBDC distribution was being tested by banks that are part of its trials but soon third-party payment operators like Google Pay and PhonePe will also be able to distribute the CBDC.

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  Flipkart Launches UPI Service in Partnership With Axis Bank to Counter Third-Party Apps

  Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.

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  eRupee Recorded Rs. 5.7 Crore in Transactions in First Four Months of Retail Trials, Says RBI: Report

  The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.

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  India’s eRupee CBDC to Get Offline Payments Feature, Programmability Tweaks: RBI Governor

  The governor of RBI has reportedly planned to experiment with offline solutions to drive the adoption of CBDC in remote and rural areas of the nation. Das disclosed some plans on Thursday, February 8 – concluding the RBI-hosted three-day Monetary Policy Committee (MPC) meeting.

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  Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August

  Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.

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  RBI Increases UPI Lite Transaction Limit to Rs. 500, Proposes AI-Powered ‘Conversational Payments’

  RBI Governor Shaktikanta Das announced an increase in UPI Lite transaction limit to up to Rs. 500 in offline mode. Besides, a few other features including conversational payments and NFC support on UPI have also been proposed to make transactions more seamless. UPI Lite was first introduced in September 2022 with a transaction limit of up to Rs. 20...

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  China Begins Offline Trials of CBDC Payments, Stitches e-CNY Payments to SIMs

  The Bank of China is now testing an offline payment system which would work while in integration with SIM cards. The Bank of China has struck partnership deals with two national telcos — China Unicom and China Telecom to facilitate these trials.

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  Nokia 110 4G, Nokia 110 2G With Inbuilt UPI App, Wireless FM Radio Launched in India: Price, Specifications

  Nokia 110 4G and Nokia 110 2G have been launched in India. The new phones include wireless FM radio support and an inbuild Unified Payments Interface (UPI) payment app. The are available for purchase on the official Nokia India website, as well as online and offline retail stores.

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  Hong Kong Commences CBDC Pilot; Multiple Fintech Players Onboarded for Trial of e-HKD

  Hong Kong has launched its e-HKD CBDC into pilot. This essentially means that Hong Kong will be conducting tests to determine how the CBDC could be used to process full-fledged payments, programmable payments, offline payments, tokenised deposits, settlement of Web3 transactions as well as settlement of tokenised assets.