Business Standard

Digital cash now available on feature phones, to expand financial inclusion

Nearly 300 million feature phone users will benefit

Nokia 8110 feature phone
Premium

Nokia 8110 feature phone

Surajeet Das Gupta New Delhi

Listen to This Article

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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in