![Pilot programme for coin-operated machines that use QR codes is in development.](https://market-tracker.in/wp-content/uploads/2023/02/360_F_421711278_Z1ZASdjqHNX82KRvDnPEd8CeCgRZTmKt-1.jpg)
Pilot programme for coin-operated machines that use QR codes is in development.
The RBI stated in its Statement on Developmental and Regulatory Policies that it is putting up a pilot project on QR code-based coin vending machines (QCVM) in partnership with a few major banks to increase coin distribution to the general population. The QCVM is a cashless coin dispenser that eliminates the requirement for physical banknote…