Fintech Wave News Today

During the monetary policy meeting on February 8, RBI governor Shaktikanta Das proposed new use cases to incorporate programmability and offline functionality in CBDCs. He said the programmability use case of CBDCs will empower entities like government agencies to ensure specific benefits through payments.

Spending management software and corporate credit cards have emerged into one of the hottest segments in the fintech industry. The sector is capturing large rounds of funding from global investors and competition for market share is heating up, especially in the US and Europe.