New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    HMD Global and IDEMIA have partnered with which payments bank to introduce an offline Central Bank Digital Currency payment application on feature phones & to expand the reach of offline Central Bank Digital Currency (CBDC) payments in India?

    A Paytm Payments Bank Correct Answer Incorrect Answer
    B Airtel Payments Bank Correct Answer Incorrect Answer
    C NSDL Payments Bank Correct Answer Incorrect Answer
    D Fino Payments Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      IDEMIA, the French identity security service provider 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.  All three organizations will work together to expand the reach of offline Central Bank Digital Currency (CBDC) payments in India. They will facilitate the use of Digital Rupee on feature phones, which will promote financial inclusion. IDEMIA said this endeavor would be the first attempt to bring CBDC payments on feature phones using an application interface.

    Practice Next