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The Reserve Bank of India on 1 December launched a pilot for retail digital rupee (e ₹ R) with four banks in four cities, a month after testing the wholesale CBDC (Central Bank Digital Currency)
India's largest retail chain Reliance Retail has tapped major partnerships to lend support for its CBDC dubbed Digital Rupee
The Reserve Bank of India (RBI) has identified eight banks for phase-wised participation in the retail pilot project for CBDC
Infibeam Avenues Ltd's flagship brand - CCAvenue, has become India's FIRST payment gateway player to process Central Bank Digital Currency or Digital Rupee transactions for online retail merchants, among payment gateway players.
Accelerate the growth of sunrise sectors: Check. Offer more PLIs for electronics manufacturing: Check. Find ways to power ‘Digital India’ initiatives further: Check. Set aside more money for research and development: Check. These were some of the prominent items on the wish lists of tech giants ahead of Budget 2023. With the Unified Payment Interface (UPI), Aadhaar, CoWIN,