There are multiple companies working in conjunction with the r b i to facilitate offline payments. The regulator expressed a desire to retool u p i for use on feature phones, which is important considering nearly forty four cro ple still use feature phones. There are start ups using new methods to help people transact without internet connactivity. So yes, it's likely that you will begin seeing many companies trying to make a dent in this place as we move on.
In today's episode for 6th January 2022, we see how the RBI framework for offline retail payments could affect our lives