{"id":114638,"date":"2022-09-07T12:44:14","date_gmt":"2022-09-07T07:14:14","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=114638"},"modified":"2022-09-07T12:44:15","modified_gmt":"2022-09-07T07:14:15","slug":"hdfc-bank-precision-selected-by-rbi-for-retail-payments-test-phase","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/hdfc-bank-precision-selected-by-rbi-for-retail-payments-test-phase\/","title":{"rendered":"HDFC Bank, Precision selected by RBI for retail payments test phase"},"content":{"rendered":"\n<p><strong>HDFC Bank, Precision selected by RBI for retail payments test phase: <\/strong>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 \u2018offline retail payments\u2019 and \u2018InnaIT Key Solution for Banking\u2019 products under the \u2018On Tap\u2019 application facilities for the theme \u2018Retail Payments\u2019 under the Regulatory Sandbox.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-september-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n<p><strong>Key Points Related to \u2018Offline Retail Payments<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u2018Offline Retail Payments\u2019 is an HDFC Bank product that provides the capability for customers and merchants to able to pay and receive payments in offline mode.<\/li><li>This initiative aims to boost the adoption of digital payments in areas of no or low between by enabling transactions without the need for any network connection.<\/li><li>The \u2018InnaIT Key Solution for Banking\u2019 by Precision Biometric product offers a solution enabling biometric tokens which can be used to secure password-less authentication and Additional Factor Authentication (AFA), replacing the OTP for logging into the internet for mobile banking.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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 \u2018offline retail payments\u2019 and \u2018InnaIT Key Solution for Banking\u2019 products under the \u2018On [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":114639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4926],"tags":[74],"class_list":["post-114638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-september-2022","tag-bank-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/114638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=114638"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/114638\/revisions"}],"predecessor-version":[{"id":114640,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/114638\/revisions\/114640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/114639"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=114638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=114638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=114638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}