Q. 2 Consider the following statements regarding the recent RB | UPSC PRO

Q. 2 Consider the following statements regarding the recent RBI approved framework for facilitating small-value
digital payments in offline mode.
1. The payments can be carried out face-to-face using cards, wallets and mobile devices.
2. The upper limit for individual offline payment transaction is ₹200.
3. Such transactions require Two Factor Authentication.