The digital payments segment has grown rapidly in the last few years. Central Bank Digital Currency (CBDC) eRupee is being trialled in India. For this, Reserve Bank of India (RBI) has added many banks. However, RBI says that it will not be in any hurry regarding this. The trial of e-Rupee was started about two…
The digital payments segment has grown rapidly in the last few years. Central Bank Digital Currency (CBDC) eRupee is being trialled in India. For this, Reserve Bank of India (RBI) has added many banks. However, RBI says that it will not be in any hurry regarding this. The trial of e-Rupee was started about two…
The banks of the country have given some employee benefits in December through digital rupees. This has made it easier for the Reserve Bank of India (RBI) to meet its target of 10 lakh transactions per day by the end of last year. Central Bank Digital Currency (CBDC) or e-Rupee has been created through distributed…
The Reserve Bank of India (RBI) is going to add new features to the Digital Rupee (CBDC), after which the Digital Rupee will become smarter. Also, it can be used at more places. The two new features that are going to be added to digital rupee mainly include its programming and offline use. This means…
The scope of Unified Payment Interface (UPI) has increased rapidly in the country in the last few years. It is also being expanded abroad. In this series, UPI service was launched in Sri Lanka and Mauritius on Monday. Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Praveen Jugnauth also participated in this virtual event…
eRupee, an Indian central bank digital currency (CBDC), crossed transactions worth Rs 5.70 crore in the first 4 months after entering the retail trial phase. The information was disclosed by the Reserve Bank of India (RBI) in response to an RTI query by Moneycontrol. RBI had started the eRupee retail trial on December 1, 2022…
The trial of the country’s digital rupee or e-rupee is progressing rapidly. 50 lakh users have joined it. The trial of digital rupee is being done in collaboration with 16 banks. This Central Bank Digital Currency (CBDC) was launched in December 2022. CBDC is also being trialled in some other countries. Reserve Bank of India…
