![]() With the initial launch across 12 cities in India, this move by the RBI is a strategic decision which will benefit the Indian payments landscape.Ģ) These vending machines will dispense coins against debit to the customer’s account ģ) These vending machines will dispense coins using UPI instead of physical tendering of banknotes Ĥ) This will enhance the ease of accessibility to coins Īcc. The new QR-code based pilot will offer ease and ready access to coins for customers via UPI facility. ![]() ![]() Reserve Bank of India (RBI) will launch a pilot project on QR Code based Coin Vending Machine (QCVM) in 12 cities. RBI is launching 'QR Code based Coin Vending Machine' ( #QCVM) in 12 cities :
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