Q. Which financial institution launched the "OfflinePay" Pilot Program?
Answer:
HDFC
Notes: HDFC Bank, the largest private sector bank in India, has partnered with Crunchfish Digital Cash to launch a pilot programme named "OfflinePay" to test offline digital payments for customers and merchants. This programme is part of the Reserve Bank of India's (RBI) Regulatory Sandbox Program. HDFC Bank is the first bank in the industry to offer a completely offline digital payment service.