G+D launches offline payment technology for tokenized deposits

By Gloria Methri

SecurityTech company Giesecke+Devrient, or G+D, is making digital payments independent of online connectivity. The token-based payment solution G+D Filia Unplugged enables consecutive, secure offline payment transactions anytime and anywhere, bridging the gap between online and offline payments without a reliable internet connection.

Even in today’s digital-first economy, connectivity issues can present challenges for digital payment transactions, especially in rural areas. In highly industrialized economies, internet access is not uniformly reliable.

In developing countries, the situation is particularly challenging as the infrastructure for reliable internet access is often insufficient. The lack of connectivity may be due to a power outage, the absence of a strong internet signal, or a telecommunications failure.

The efficiency of online payment systems is fundamentally linked to the availability of a stable internet connection. These outages result in individuals’ inability to access financial services and perform the services themselves. Incorporating offline capabilities into digital payments can overcome these challenges.

Offline payments involve the transfer of a digital money token between devices without the payer and payee requiring a network connection to any ledger system or backend system to complete the payment.

G+D Filia Unplugged makes digital offline transactions a reality. It can be integrated seamlessly into existing digital payment offerings, including commercial banks’ tokenized deposit systems, instant payment systems, or mobile money services. The solution is designed with three protection layers and cash-like features to provide reliability, security, and trust while functioning independently of internet connectivity.

The introduction of a token-based solution such as G+D Filia Unplugged not only strengthens payment resilience but also has the potential to drive financial inclusion for nearly 1.4 billion unbanked people worldwide.