IDEMIA, Airtel Payments, HMD Global tie up for Digital Rupee on feature phones
IDEMIA said Wednesday that it has joined hands with Airtel Payments Bank and HMD Global to expand the reach of Digital Rupee applications on feature phones.
The three organisations will be working together to introduce an offline payment system over the next few months that will facilitate the use of digital rupee on feature phones, promoting financial inclusion.
“Once this is commercially launched over the next few months, Nokia feature phone users in India, will be able to access the digital Rupee thanks to this collaboration which will empower the Nokia feature phone users with this latest technology and strengthen our government’s vision of inclusive digital economy for all,” said Ravi Kunwar, vic president (India and APAC), HMD Global.
IDEMIA said it is the first time that an attempt is being made to bring the Central Bank Digital Currency issued by the Reserve Bank of India on feature phones via an application interface. It added that the endeavour will facilitate digital transactions to much wider consumers, particularly in areas with limited connectivity.
Under the collaboration, IDEMIA’s technology will offer an offline layer to ensure instant and secure transactions without the need for online validation.
