IDEMIA, Airtel, Nokia join hands for offline CBDC payment on feature phones
- IDEMIA has announced that it has collaborated with Airtel Payments Bank and Nokia’s parent company HMD Global to introduce an offline Central Bank Digital Currency payment application on feature phones. IDEMIA is a French identity security service provider.
- These three organizations will work together to expand the reach of offline Central Bank Digital Currency (CBDC) payments in India.
- This will be the first attempt to bring CBDC payments on feature phones using an application interface.
Source: Business Standard