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IDEMIA, a major name in identity technologies and biometric solutions, has partnered with Airtel Payments Bank, which serves over 40 million customers through its digital platform and a retail-based distribution network, and HMD Global, the exclusive licensee of the Nokia brand for phones, tablets and accessories, to expand the reach of offline CBDC (Central Bank Digital Currency) payments in India.
“Once this is commercially launched over the next few months, Nokia feature phone users in India, will be able to access the digital Rupee thanks to this collaboration which will empower the Nokia feature phone users with this latest technology and strengthen our governments vision of inclusive digital economy for all,” said Ravi Kunwar, vic president (India and APAC), HMD Global.
Airtel Payments Bank, IDEMIA, and HMD Global have partnered to introduce Central Bank Digital Currency (CBDC) on feature phones in India. The collaboration aims to develop an advanced offline payment system that will enable the use of digital rupees on feature phones, promoting financial inclusion. IDEMIA will provide an offline layer to ensure secure transactions without online validation.
Sales of feature phones in the US are rising, the technology analyst firm Counterpoint Research claims, adding that OEMs are increasingly entering agr.