A Partial Offline Payment System for Connecting the Unconnected Using Internet of Things: A Survey-Reference-Cited by-同舟云学术

A Partial Offline Payment System for Connecting the Unconnected Using Internet of Things: A Survey

Published:2024-08-28 Issue: Volume: Page:
ISSN:0360-0300
Container-title:ACM Computing Surveys
language:en
Short-container-title:ACM Comput. Surv.

Author:

S S Sravan¹²^ORCID,Mandal Susmita³^ORCID,Alphonse PJA²^ORCID,Ramesh P L³^ORCID

Affiliation:

1. Institute for Development and Research in Banking Technology, Hyderabad, India

2. National Institute of Technology Tiruchirappalli, Tiruchirappalli India

3. Institute for Development and Research in Banking Technology, Hyderabad India

Abstract

The digital revolution in finance has bypassed many in rural areas due to limited access to technology and infrastructure. While real-time Internet banking isn’t feasible, a new approach is needed to create a secure, low-cost banking ecosystem for these unconnected populations. Existing offline payment mechanisms, prevalent in countries like India, offer some solutions but may still be expensive for rural communities. Researchers are exploring cost-effective solutions based on the Internet of Things (IoT). This study explores various IoT and non-IoT-based offline digital banking solutions to identify potential ways to provide digital payment options for the unconnected rural population.

Publisher

Association for Computing Machinery (ACM)

Link

https://dl.acm.org/doi/pdf/10.1145/3687132

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