QR Code-Based Coin Vending Machine

  • The Reserve Bank of India (RBI) on February 8, 2023, in the bi-monthly monetary policy meeting announced that it is preparing a pilot project on QR Code based Coin Vending Machine (QCVM).
  • (QCVM) is intended to dispense coins similar to the manner in which currency notes can be withdrawn from ATMs.
  • Coins can be withdrawn using the Unified Payments Interface (UPI) QR code in designated vending machines. Coins of denomination of Rs 1 - Rs 20 will be made available in ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

News Snippets