What's happening to the CBDC? Although the RBI has vehemently opposed cryptocurrency, its own Central Bank Digital Currency (CBDC), which had been launched as a pilot project on December 1 ...

What Happened: The five payment firms are planning to offer transactions via the e-rupee, the digital alternative to physical currency launched by the RBI in December 2022, Reuters reported.

The Central Bank Digital Currency (CBDC), also referred ... was included in the RBI's CBDC project and swiftly launched the service. US and CBDC US President Donald Trump has recently approved ...

CBDC should work within UPI, not as a separate system. If Digital Rupee is just another option on the same app people already ...

RBI has launched the Finquery portal to facilitate ... The central bank is also focused on expanding use cases for the central bank digital currency. Bank of Baroda recently introduced a model ...

Launched by RBI in 2022, CBDC aimed to reduce India's reliance on the dollar and counter cryptocurrencies. Despite lackluster adoption, fintech companies like CRED and MobiKwik are introducing CBDC ...

India has promoted rupee-based trade settlements with key partners The RBI is developing a central bank digital currency (CBDC), part of a process that has seen the country depend less on physical ...

India's central bank, the Reserve Bank of India (RBI), has been selected for the Central Banking's Digital Transformation ... is another initiative which was launched in May 2024.