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| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Informationsteknik |
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Following this week's announcement from the Reserve Bank of India regarding the Offline Retail Payments pilot that Crunchfish participated in together with HDFC Bank and IDFC First Bank, financial media remarked on the milestone.
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The announcement made by the Reserve Bank of India (RBI) (https://www.crunchfish.com/reserve-bank-of-india-approves-crunchfish-digital-cash-for-offline-retail-payments/) didn't go unnoticed by financial media, especially in India. The most important media channels reported the milestone, and remarked on the fact that this opens the door to address regions with limited network capabilities, boosting digital payment adoption.
Media like Business World India (https://www.businessworld.in/article/RBI-Permits-Use-Of-HDFC-Bank-Crunchfish-AB-s-Offline-Payments/12-12-2023-501833/), CNBC TV18 (https://www.cnbctv18.com/business/companies/rbi-approves-hdfc-bank-product-on-offline-retail-payments-for-adoption-18541241.htm) and Financial Express (https://www.financialexpress.com/business/banking-finance-rbi-approves-hdfc-banks-product-on-offline-retail-payments-for-adoption-3335724/), among others, made echo of the announcement during the week. Also Swedish media spread the word of the announcement, through Nyheter24 (https://nyheter24.se/ekonomi/1214685-indiens-centralbank-godkanner-crunchfishs-losning-inom-offlinebetalningar).
RBI Press Release pdf. (https://www.crunchfish.com/wp-content/uploads/2023/12/RBI-RS-Press-Release-Completion-of-Test-Phase.pdf)
For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46708 46 47 88
joachim.samuelsson@crunchfish.com
Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se.Telephone +46 40 200250.
About Crunchfish -crunchfish.com (https://www.crunchfish.com)
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, e-commerce, and the automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and a subsidiary in India.