eRupee On PoS Terminals Soon From Pine Labs, ICICI
Merchant commerce platform Pine Labs announced the acceptance of the digital Rupee on its 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 built within its smart Android PoS terminals.
“CBDC 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.”
(With inputs from Shikha Singh)
You need to login in order to Like
