Will consumers ditch cash and UPI to embrace e-rupee? 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 ...

Indian Central Bank has onboarded its first private firm to test the e-rupee for retail users. Fintech firm Cred has become the first private company to offer e-rupee services to select customers.

Fintech platforms MobiKwik and CRED have become the first non-banking entities to offer the central bank digital currency (CBDC) - e-Rupee (e₹) wallet - for users. The product was developed in ...

Mumbai: The country’s largest digital wallet Mobikwik, has launched a full-service version of the Reserve Bank of India’s Central Bank Digital Currency (CBDC) - e-rupee (e₹) in partnership ...

But will the entry of these fintechs help increase awareness about how to deploy e-rupee and promote usage of CBDC wallets? After the central bank enabled CBDC issuance for third-party application ...

In December 2022, the Reserve Bank of India (RBI) had started a pilot for the CBDC, also known as the e-rupee; Basically a digital alternative to physical currency.(Reuters) This deal worth around ...

The Reserve Bank of India started a pilot for the CBDC, or e-rupee, a digital alternative to physical currency, in December 2022, and last April, it expanded the scope of transactions to payment ...