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e-rupee

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks
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7 August, 2024

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks

CBDCs may have the potential to be the future of money, but the Reserve Bank of India points out the...
India’s retail CBDC usage drops amid growing UPI popularity
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3 July, 2024

India’s retail CBDC usage drops amid growing UPI popularity

With more locals utilizing UPI, India is struggling to promote its CBDCs, with both retail and wholesale CBDCs taking a...
Indian banks offer incentives to lift e-rupee use as wholesale CBDC usage plunges
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6 June, 2024

Indian banks offer incentives to lift e-rupee use as wholesale CBDC usage plunges

Local banks are actively offering cashbacks and reward points to woo customers into using the wholesale CBDC following a significant...
India eyes extension of CBDC pilots to money market instruments, securities tokenization
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9 May, 2024

India eyes extension of CBDC pilots to money market instruments, securities tokenization

Apart from piloting India's CBDC in commercial papers and certificates of deposits, the Reserve Bank of India is also looking...
India’s central bank allows non-banking payment operators to offer CBDC wallets
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11 April, 2024

India’s central bank allows non-banking payment operators to offer CBDC wallets

India's central bank is doubling down on its CBDC initiatives, announcing plans to make the digital rupee more accessible to...
Reserve Bank of India gives no specific timeline for ‘full-fledged’ e-rupee launch
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7 March, 2024

Reserve Bank of India gives no specific timeline for ‘full-fledged’ e-rupee launch

It will take quite some time before India sees the "full-fledged" launch of its CBDC as the RBI insists on...
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