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CBDC PAYMENTS
RBI ready to do 'whatever is required' to curb rupee volatility: Sanjay MalhotraThe Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malhotra indicated the rupee may be und...
Why West’s crypto rules matter for East’s financial futureThe US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahe...
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
India's digital currency push targets its leaky welfare systemWhile India's early efforts are modest compared with those of China, where more than 200 million people use the e-yuan, the world's most po...
India's digital currency push targets its leaky welfare systemIndia is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...
Portable bank A/Cs for better user experience: RBI eyes more power for consumersThese efforts by the central bank come alongside India’s ongoing initiatives to strengthen international payment linkages, including agreem...
Retail users power up e-Rupee transactionsThe Central Bank Digital Currency (CBDC), or e-rupee, has seen significant growth among retail users. As of March 2024, e-rupee circulation...
RBI working on off-line mode to boost retail CBDC volumes: Guv Shaktikanta DasThe Reserve Bank of India (RBI) is working to increase the acceptance of the Central Bank Digital Currency (CBDC) for retail transactions, ...
Digital Rupee: RBI widens scope of CBDC; non-banking payment companies to facilitate transactionsDigital Rupee transaction: The Reserve Bank of India has proposed that CBDC (Central Bank Digital Currency) or, the eRupee, to be accessibl...
CBDC payments hit RBI goal of 1 million/dayWhile CBDC or the e-rupee project is currently in the pilot stage, RBI had set a target of reaching a million transactions a day for 2023, ...
CBDC payments hit RBI goal of 1 million per dayWhile CBDC or the e-rupee project is currently in the pilot stage, RBI had set a target of reaching a million transactions a day for 2023, ...
SBI, HDFC Bank, Bank of Baroda, other banks allow you to scan UPI QR code and pay via RBI CBDC; how it worksSeveral banks have recently enabled a new functionality for their customers who are transacting using e-Rupee or Digital Rupee, which is In...
Pushing e-rupee payments using UPI infra on RBI's agendaThe RBI had launched the e-rupee for retail transactions on a pilot basis on December 1, 2022. As of June, about 13 lakh users have downloa...
Budget 2023: How to make RBI’s digital rupee a successWith the Union Budget 2023 in just a few weeks, Adelia Castelino of In solution Global shares his views on how to make the digital Rupee or...
A quick guide for Reserve Bank of India on how to develop digital rupeeThe CBDC design is closely linked to its policy motivation. For instance, countries that are exploring a sovereign digital currency to impr...
CBDC payments to be secure: PMPrime Minister Narendra Modi said the central bank digital currency, announced in the budget, will give impetus to the digital economy as t...
Will CBDCs help ease cross-border payments?At a basic technical level, interoperability between separate CBDC systems may be possible through adherence to commonly agreed internation...