RBI's pilot project to launch QCVM or the QR code-based coin vending machines is aimed to promote the distribution of coins and enhance their accessibility. The coins will be dispensed against debit to the customer's bank account using UPI. Coin vending machines were first launched in RBI offices for testing. When UPI came in, RBI started testing UPI based coin vending machines. Reportedly, getting fake currency notes in coin vending machines was one reason that led RBI to announce the UPI-based