Crunchfish in collaboration with IDFC FIRST Bank runner-up in Reserve Bank of India’s hackathon for CBDC-Retail offline payment solution
Crunchfish in collaboration with IDFC FIRST Bank were announced runner-up for its Digital Cash telecom solution, in Reserve Bank of India’s second global hackathon HaRBInger 2023 on the theme “Inclusive Digital Services”. Crunchfish solution, under the problem statement “New use cases for CBDC-Retail including offline transactions”, allows the user to scan & pay by initiating payments, without internet connectivity, with an SMS to the payment service. The solution was showcased at the HaRBIinger Grand Finale by representatives of IDFC FIRST Bank that demonstrated their ready implementation