Which company has been selected by the RBI to test offline payment solutions?
Exto India Technologies
Why in the news?
"RBI Selects Exto India Technologies for Offline Payment Testing”
Exto India Technologies was selected by the Reserve Bank of India (RBI) to test offline payment solutions in its Regulatory Sandbox. Their product utilizes Distributed Ledger Technology (DLT) combined with private biometric authorization to enable offline card-to-card and card-to-phone transactions.
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