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

He has also outlined the possible risks - CDBC can create a situation of faster transmission of shocks across countries, can be used for cu...

Reserve Bank of India Governor Shaktikanta Das emphasised the inevitability of digital money at the G30 Annual International Banking semina...

SS Mundra, former deputy governor of the RBI, doubted the central bank digital currency's effectiveness. He highlighted UPI's widespread us...

UPI, on the other hand, is gaining currency by the day. The UPI transactions hit Rs 20.64 lakh crore in the month of July growing by 35% ye...

The Reserve Bank of India (RBI) is working to increase the acceptance of the Central Bank Digital Currency (CBDC) for retail transactions, ...

The RBI has also opened a sandbox for startups to test multiple CBDC use cases. As of now, daily transactions linger in the range of tens o...

The Reserve Bank of India (RBI) is collaborating with lenders to enhance the popularity of its central bank digital currency (CBDC), the e-...

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 ...

"The seamless integration of CBDC with UPI marks a significant leap for the bank, enhancing the acceptance and utilization of digital curre...

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...

Private lender HDFC Bank on Thursday said it has onboarded over 1 lakh customers and 1.7 lakh merchants under the Central Bank digital curr...

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 Reserve Bank of India has launched the digital rupee (e₹-R) on a pilot basis in four cities. However, data indicate that India, which h...