India is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...

Launched by RBI in 2022, CBDC aimed to reduce India's reliance on the dollar and counter cryptocurrencies. Despite lackluster adoption, fin...

The Reserve Bank of India will initiate a test by crediting reimbursement allowances to the digital currency wallets of its officers. This ...

The Central Bank Digital Currency (CBDC), or e-rupee, has seen significant growth among retail users. As of March 2024, e-rupee circulation...

The Reserve Bank of India (RBI) is expanding the usage of Central Bank Digital Currency (CBDC) by allowing distribution through Non-bank Pa...

Digital Rupee transaction: The Reserve Bank of India has proposed that CBDC (Central Bank Digital Currency) or, the eRupee, to be accessibl...

RBI Digital Currency: Union Bank of India aims to adopt Reserve Bank of India's digital rupee for employee benefit schemes, encouraging CBD...

Several banks have recently enabled a new functionality for their customers who are transacting using e-Rupee or Digital Rupee, which is In...

PNB customers can now use the PNB digital rupee app to scan the UPI QR code for payment to their merchants or complete a transaction at a m...

Customers of PNB can now pay their vendors using the UPI QR code by scanning it using the PNB Digital Rupee app, or utilise it to finish a ...

Customers will be able to scan merchant UPI QR codes using the app and make the payment through digital currency.

Canara Bank on Monday launched UPI Interoperable Digital Rupee mobile application as a part of the Reserve Bank of India's Central Bank Dig...

The 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...

The central bank digital currency CBDC will be as anonymous as the currency note and would have all the relevant laws applicable to currenc...

YES BANK is one amongst the four banks identified by the RBI under the first pilot of its digital currency (e₹) for the retail market.

Bankers said that once the CBDC-R (Central Bank Backed Digital Currency-Retail) is transferred to customer wallets, banks will not track or...

Officials indicated that the platform for CBDC is being hosted by the National Payments Corporation of India and will be similar to the cur...