QR code-based coin vending machine (QCVM)
♦ India's first QR code-based coin vending machine (QCVM) has been installed in the Federal Bank's Puthiyara branch in the Kozhikode district of Kerala on 26 October 2024. This machine is set up in Kozhikode as a solution for those who want coins. Coins of Rs.1, 2, 5, and 10 are now available through this machine.
♦ It is a cashless coin delivery system that allows customers to make UPI transactions by scanning the QR code on the machine on their mobile phone. The QR code-based coin vending machine has been launched to help people solve the coin shortage. If you scan the QR code and make the required payment, the coins will be available through the machine.
Posted Date: October 28, 2024
Places in News
