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The Times of India
The Times of India
Business
ANI

Coming soon: QR Code based coin vending machine at railway stations, malls, markets across 12 cities in India

India Reserve Bank of India

To improve the distribution of coins among the public, the Reserve Bank of India is preparing a pilot project on QR Code based Coin Vending Machine (QCVM) in collaboration with a few leading banks of India.

The QCVM is a cashless coin dispensation machine which would dispense coins against a debit to the customer’s bank account using Unified Payments Interface (UPI).

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