In a major leap toward digital financial inclusion, the Reserve Bank of India (RBI) has announced the launch of an offline feature for its Central Bank Digital Currency (CBDC), popularly known as the ‘Digi Rupee’.
The offline functionality allows users to transfer money without internet connectivity, a development aimed at empowering citizens in rural, remote, and low-connectivity areas across the country.
According to the RBI, this innovation will make digital payments more accessible, ensuring that even those without reliable network coverage can participate in India’s growing digital economy.
The offline Digi Rupee can be used for peer-to-peer (P2P) and person-to-merchant (P2M) transactions, just like digital wallets, but backed directly by the central bank — making it secure, instant, and cost-efficient.
Experts believe that the move could significantly boost the adoption of digital transactions and support the government’s broader Digital India mission.
The initiative also underscores RBI’s ongoing efforts to enhance financial inclusion and build a resilient payment ecosystem that reaches every citizen, regardless of connectivity.
With this step, India joins a small group of countries exploring offline digital currency technology, marking another milestone in its transformation into a digitally empowered economy.
Discover more from Allycaral
Subscribe to get the latest posts sent to your email.
