Visa is driving a Proof of Concept (PoC) for offline digital payments in India. A first for the domestic payments ecosystem, the initiative is led by Visa in partnership with Yes Bank and Axis Bank. The offline payments technology will allow users to make transactions using chip-based Visa debit, credit, and prepaid cards even in places with low or no internet connectivity. The solution is a significant step towards greater financial inclusion across rural, urban and remote areas. In a country where cards are the most popular instrument of digital payments and customers and merchants are migrating from cash to digital, offline payments can allow deeper percolation in the country. Visa cardholders may soon get to request their banks for a fresh card that enables this solution. The chip will hold a stored value of a daily spend limit of ₹2,000 and have a per transaction limit of ₹200. This is akin to having a wallet with a preloaded amount. In the event of insufficient balance, the transaction will be declined, making this proposition suitable for cardholders as well as merchants.