RBI Proposes To Launch Code-Based Coin Vending Machine In 12 Cities
The Reserve Bank of India's Governor Shaktikanta Das said on Wednesday that the central bank would launch a pilot project on QR code-based coin vending machine (QCVM) in 12 cities in the country. These vending machines will dispense coins against debit to the customer's account using Unified Payments Interface (UPI) instead of physical tendering of banknotes.
