National Payments Corporation of India (NPCI) to launch new digital payments product for feature phones
Will aid users who are not comfortable with using mobile apps for digital payments
Currently, the product is at the proof of concept (POC) stage
In 2020, NPCI, CIIE.CO and Bill Gates Foundation launched a hackathon for the same
The hackathon aimed at creating a feature phone-based payments solution
NPCI had launched an SMS-based payment solution called USSD
However, this lost momentum with the arrival of the BHIM app in 2017
