One Mobikwik Systems Ltd. and Cred have recently initiated their individual e-rupee pilot programs in partnership with the Reserve Bank of India (RBI). This collaboration marks their distinction as the pioneering fintech platforms to join hands with the RBI for the implementation of the central bank digital currency (CBDC). Yes Bank has been selected as … Read more
Governor Shaktikanta Das on Monday said that permanent deletion of transactions can make the e-rupee or central bank digital currency (CBDC) become anonymous and make it at par with paper currency. Speaking at the BIS Innovation Summit, Das said India is also working on making the CBDC transferable in the offline mode along with introducing … Read more
File photo of Union Finance Minister Nirmala Sitharama | Photo Credit: PTI Digital or e-rupee worth over ₹130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on March 13. The Reserve Bank of India (RBI) had launched pilots in digital rupee in the wholesale segment (e₹-W) … Read more