CBDCs enable instant and direct transactions between an Indian importer and an American exporter. The transaction is as final as if cash were exchanged, without..

India's CBDC e?: A digital wallet linked to banks, serving as a digital representation of physical cash.

Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. The features include allowing..

The wholesale CBDC, known as the Digital Rupee-Wholesale (e-W), was launched in November 2022 for the settlement of secondary market transactions in government..

The e₹-R would be in the form of a digital token that represents legal tender, distributed through intermediaries, i.e., banks. It would be issued in the same..

SBI promotes digital rupee via UPI, linking it with CBDC, aiming to boost digital currency adoption.

SBI has announced that it has implemented UPI interoperability in its Digital Rupee (e₹)  also called as Central Bank Digital Currency (CBDC). 

India's journey into the realm of CBDCs took a decisive leap with the Reserve Bank of India pioneering the country's first-ever Digital Rupee.

As per CBDC tracker, almost 105 countries representing 95 percent of the world's GDP have taken steps to inculcate digital currency in their ecosystem.

Nine banks, viz., State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, have..

"As on February 28, 2023, the total digital rupee - Retail, and digital rupee - wholesale in circulation is Rs 4.14 crore and Rs 126.27 crore, respectively,"..

The CBDC is expected to make the inter-bank market more efficient and settlements in e-rupee can reduce transaction costs by pre-empting the need for settlement..

Anuj Ranjan, the top general manager of the RBI's fintech division, reportedly stated that the pilot project has moved pretty nicely in a closed-user group and..

The year 2022 has been momentous for India’s digital journey. This year, we saw India taking a major step towards its ‘Make in India’ dream by attracting..

Terming the launch of digital rupee a historic milestone, RBI executive director Ajay Kumar Choudhary on Thursday said the currency would bring in a lot of..

RBI has already launched the Central Bank Digital Currency CBDC-W and CBDC-R on a pilot basis for the Indian market. CBDC-W and CBDC-R refer to wholesale and..

Since the beginning of December, the banking industry has undergone numerous significant changes. See what changes will affect the common man.

The Reserve Bank of India's pilot project on retail digital Rupee is a "game changer", said SBI chairman Dinesh Khara, and added that it will have durable..

SBI chairman Dinesh Khara on Friday said the Reserve Bank's first pilot project for retail digital rupee is a "game changer" with durable effects that should..

RBI's pilot project on retail-CBDC is a game changer with durable effects that should ensure better monetary transmission at much lesser costs, said SBI..

Another issue is that, since e-rupee transactions do not wholly replace those using established procedures, they add to banks' accounting work.

Digital money can also help stem financial fraud.

Eight banks have been identified for phase-wise participation in RBI Retail Digital Rupee pilot. The first phase will begin with four banks, viz., State Bank of..

Users will be able to transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones / devices. Transactions can be..

The e ₹-R is a virtual token that can be used as a legal tender, according to the RBI.  It would be issued in the same denominations that paper currency and..

A new payment system introduced by the RBI called the Digital Rupee can be used online without adding a bank.

The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are..

After a successful pilot of the Digital Rupee earlier this month, the Reserve Bank of India (RBI) has announced another pilot that will commence next month. The..

RBI said the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants.

The Reserve Bank of India's first pilot for retail e-rupee, its version of the central bank digital currency (CBDC) will be launched on December 1, it said in a..

The first phase of RBI's pilot project of retail digital rupee will involve 4 banks and 4 cities, with both to expand in phase 2.

The e-rupee is a virtual currency that simplifies, speeds up, and reduces the cost of making payments. It will facilitate frictionless digital transactions in..

The idea of issuing central bank digital currency ("CBDC"), either as a substitute or complement of other forms of money, arguably dates to the 1980s, when James..

The RBI defines the CBDC as the legal tender issued by a central bank in a digital form. It is the same as a sovereign currency and is exchangeable one-to-one at..

Digital rupee's launch has put India in the league of advanced nations that have responded to the needs of digital future.

e-Rupee is a digital version of currency notes issued by a central bank, a kind of digital money that can be used in contactless transactions.

RBI has said that the first pilot in Digital Rupee - Retail segment (e₹-R) is planned for launch within a month in select locations in closed user groups..

You won't need to carry cash around anymore because the Reserve Bank of India has launched digital currency in India as of Tuesday.

Digital Rupee will not be like any cryptocurrency, its value will be equal to the Indian rupee.

RBI has launched the first pilot of its Digital Rupee (e₹) in India. The pilot is for the wholesale segment (inter-bank market) and will be used for settling..

In a statement, the central bank said that it will "soon commence pilot launches of Digital Rupee (ea,) for specific use cases. Accordingly, the first pilot in..

According to an RBI statement, the central bank will conduct a pilot in digital rupee for the wholesale industry today.

As promised by RBI, the first pilot of the Digital currency, the Digital Rupee (e₹) will commence on November 1. This will be the first-ever launch of the..

The RBI in a statement announced that the first pilot in Digital Rupee - Retail segment is planned for launch within a month in select locations in closed user..

Digital Rupee Launch Date: The RBI also said the first pilot of the Digital Rupee - Retail segment is planned for launch within a month in select locations in..

The Reserve Bank said the first pilot of the Central Bank Digital Currency -- Digital Rupee (Wholesale segment) will be launched on Tuesday for transactions in..

The RBI concept note says the e-rupee will boost India's digital economy, improve financial inclusion and more.

Das however added that the central bank cannot give a definite timeline as to when Digital Rupee will be released while cautioning investors that such assets..

Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed 'digital rupee' soon.

According to Finance Secretary, only the digital rupee issued by the Reserve Bank of India (RBI) will be legal tender.

Digital Rupee will be issued by the Reserve Bank of India (RBI). 

Digital rupee will be issued using blockchain and other technologies and according to Sitharaman will provide a big boost to the digital economy.

Digital Rupee or CBDC will be launched in the market by the Reserve Bank of India through the use of blockchain technology.

The digital rupee will be a digital depiction of an Indian rupee supported by the Reserve Bank of India (RBI).

RBI Governor Shaktikanta Das said that the pilot of the central bank digital currency could begin as early as December 2021.