Digital Cash

New Crunchfish Digital Cash release targeting the HDFC Bank and RBI project

2022-09-22|

Crunchfish today released a new version of the Digital Cash SDK, targeting feature and performance requirements in the project with HDFC Bank and Reserve Bank of India (RBI). This version will be used to demonstrate and pilot offline retail payments.

The release targets the HDFC Bank and Reserve Bank of India (RBI) project and addresses requirements in the upcoming pilot. Focus areas for the new version have been to add additional security features and to streamline the integration of the Digital Cash SDK. HDFC Bank and one additional bank started the integration in August with the previous Digital Cash SDK version and will now upgrade to this improved version.

Highlight of the new Digital Cash version includes:

  • New risk limits that comply with RBI regulations in India
  • Access control management
  • Improved certificate management
  • Improved fraud detection capabilities and fraud management
  • Additional security features to prevent cloning and double spending offline
  • Improved backend integration components and documentation

This release will also be made available for other customer integration projects through the Crunchfish Developer portal.

“Our development team has been working hard to meet the requirements in the HDFC Bank and RBI project. The new version of Crunchfish Digital Cash has been released to the HDFC project team and they will now upgrade the solution for offline retail payments. In parallel with the integration of this version and the upcoming pilot, we are also working on a new version that will be the baseline for commercial deployment. This version is planned to be released at the end of the year.” says Magnus Lageson, CPO at Crunchfish Digital Cash.

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 September 2022 at 11.45 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, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.

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