Crunchfish AB (publ)

It is what it is. It's big. The project involves obviously us who are coming with a solution that they would like to integrate. It involves MPCI who are integrating in their payment network our receiving component, as they call it. This is the terminal that we have said. It's the ability to receive payments and that needs integration both in the common library in the front end, and there is a backend integration as well. And then we have agreed to, with MPCI, to involve two banks in this project as well. One is IDFC, and another one is Axis Bank. Axis is one of the four largest banks of India. They are part of it. And in the background, there is RBI. Because this is for the digital rupee, so RBI is involved in a way because it's their product. Even if MPCI implements the solution, RBI needs to be also approving things that is happening. But they are behind it, they have approved it, and they like what we do. this is going on right now. And it's, it's a big project, but yeah, plodding along as it should be. Yeah.

So is this the same project that RBI is pushing for banks to handle offline payments? Or is it a side project or a different project? Could you just describe for us how it's all connected?

This is the project that RBI, we have for long have a good dialogue with RBI. And they have said that in order to implement this, you need to talk to because MPCI are the ones that are building the infrastructure for the digital rupee. And now we have, and that's what we announced, that we have got this project with MPCI. So this is the next generation infrastructure for the digital rupee that we are busy working with MPCI to implement. So it's, yeah, what can I say? There were things shown at the GFF that we were in October, but that was already planned for before we came with this project. So that was previous generation, I would say, but we are working on what will now come next as the infrastructure for the digital route peak.