Crunchfish partner with a financial platform provider in India to create Turnkey Offline Payment Solution
Crunchfish partner with a financial platform provider to create a Turnkey Offline Payment Solution for banks and payment services. The financial platform provider has almost 100 existing integrations with Indian banks already. Roll-out of Crunchfish Digital Cash is expected to accelerate with this turnkey solution as it may be used by any bank or payment service.
Crunchfish and a financial platform provider in India have entered into a partnership where Crunchfish will deliver Digital Cash SDK for integration into the provider’s financial platform to create a turnkey solution for offline payments. The financial platform provider has almost 100 integrations with banks in India for various online payment use cases with the same Reserve, Pay and Settle methodology as promoted by Crunchfish. This integration adds offline payment as a use case. It will accelerate Digital Cash onboarding of banks or payment service as the financial platform is already integrated with many Core Banking Systems and the integration can be re-used by banks and payment services.
“Crunchfish Digital Cash footprint is increasing fast. This partnership provides access to many new banking prospects and will accelerate our Digital Cash roll-out in India”, says Joachim Samuelsson, Crunchfish CEO.
The integration effort will start immediately and will become an option for banks and payment services that want to deliver offline payments with Crunchfish Digital Cash in India. The financial platform provider also plans to support for the recently announced Digital Cash 1.3 version, enabling offline payments over telecom networks, when it becomes available.
This integration is separate from the previously announced Digital Cash integration for offline payments with HDFC Bank in RBI regulatory sandbox in India.
For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com
This information was provided by the contact person above for publication on 22 November 2022 at 08:30 CET.
Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.
About Crunchfish – 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 and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.
