Business Standard - Digital Pound Foundation

IDEMIA, Airtel, and Nokia Collaborate for Offline CBDC Payments on Feature Phones

IDEMIA, in partnership with Airtel Payments Bank and Nokia’s parent company, HMD Global, has unveiled an initiative to introduce an offline Central Bank Digital Currency (CBDC) payment application for feature phones in India. This collaboration aims to enhance the reach of offline CBDC payments, making it more accessible and convenient for users across the country. […]

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Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors. The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.

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