
India’s e-rupee will transform payments for 1.4 billion people: Zorilla CTO
In an editorial, Zorilla CTO and BSV Ambassador Mallikarjun Karra says India is long overdue for a payments revolution and if executed right, the e-rupee might be it.
In an editorial, Zorilla CTO and BSV Ambassador Mallikarjun Karra says India is long overdue for a payments revolution and if executed right, the e-rupee might be it.
V Subramaniam, Director of Reliance Retail, said that accepting digital currency at their stores aligns "with the company's strategic vision of offering the power of choice to Indian consumers."
Thirteen cities will be covered during the pilot, but at the start date, only Mumbai, New Delhi, Bengaluru, and Bhubaneswar will be supported, with the rest coming on board subsequently.
One of the reasons the RBI explores the possibilities of a CBDC is its potential to improve cross-border payments while still promoting financial inclusion and protecting the “common man.”