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RBI Proposes To Launch Code-Based Coin Vending Machine In 12 Cities

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The Reserve Bank of India's Governor Shaktikanta Das said on Wednesday that the central bank would launch a pilot project on QR code-based coin vending machine (QCVM) in 12 cities in the country. These vending machines will dispense coins against debit to the customer's account using Unified Payments Interface (UPI) instead of physical tendering of banknotes.

Watch "Current Account Deficit To Moderate In Second Half Of 2022-23: RBI Governor": https://youtu.be/607LvEgcHPs

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