For the first time in India, IDEMIA, a global technology provider in identity technology (it makes the SIMs and the e-Sims platforms for mobile devices), is partnering with Airtel Payments Bank and HMD Global, the makers of Nokia mobile phones, to expand the use of central bank digital currency (CBDC issued by the Reserve Bank of India) on feature phones even without a network connection.
The three companies will be working to introduce an advanced offline payment system over the next few months that would facilitate the use of the digital rupee on feature phones, enabling financial inclusion for over