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To make the e-rupee popular, the RBI needs to address the deep-seated preference for cash, the ubiquity of UPI, and the need to strike a balance between innovation and familiarity
The Reserve Bank of India (RBI) is working with lenders to introduce new features to popularise the central bank digital currency (CBDC), the so-called e-rupee, according to six people familiar with the matter. Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. The features include allowing digital rupee transactions when a customer is offline and linking the e-rupee to India's popular Unified Payments Interface (UPI), three
The Reserve Bank of India (RBI) Chief revealed that India's central bank digital currency has gained substantial traction within a short period.
Reserve Bank of India (RBI) Governor Shaktikanta Das has revealed that India’s central bank digital currency (CBDC) now has around 1.5 million users. In…
The pilot project for the wholesale CBDC, also known as the Digital Rupee-Wholesale (e-W), was originally introduced in November of the previous year, , Reserve Bank of India (RBI), Central Bank Digital Currency (CBDC), Digital Rupee