Correct Answer : Pine Labs
Merchant commerce platform "Pine Labs" announced the acceptance of the digital Rupee on its PoS (point-of-sale) terminals in partnership with ICICI Bank.
* The technology integration between the two entities will now support Digital Rupee acceptance at Pine Labs’ point-of-sale terminals across key retail outlets in Mumbai and Bengaluru.
* Pine Labs’ execution of the Digital Rupee payment process is completely digital via dynamic QR (quick response) built within its smart Android PoS terminals.
* “CBDC (central bank digital currency) and Digital Rupee open up exciting opportunities,” said B Amrish Rau, chief executive officer of Pine Labs. “If implemented correctly, it can accelerate the migration from paper-based currency to digital. Pine Labs is happy to partner with ICICI Bank in launching CBDC as a payment option under this pilot run by the RBI.”
* Bijith Bhaskar, head, digital channels and partnerships, ICICI Bank, said that India is among the select few countries globally to have its own digital currency.
* “The Digital Rupee, which is a tokenised digital version of the Indian Rupee, is a resilient, safe and additional avenue to users for making payments,” said Bhasker. “Increased acceptance of Digital Rupee would hasten its adoption among customers.”
* He also said that the partnership with Pine Labs would present a seamless payment option to the users and improve the operational efficiency of merchants with Pine Labs PoS terminals..
Source : Business Standard