E-rupee
- All
- News
- Web Stories
-
MobiKwik, CRED Launch CBDC eRupee in Partnership with RBI and Yes Bank
MobiKwik is the first digital wallet to go live with a full-scale production version of the e-rupee wallet, the new CBDC product is available to all its Android users. Yes Bank's role as the first sponsor bank to enable CBDC issuance for a third party application provider (TPAP) like CRED exemplifies its commitment to supporting the future of digit...
-
Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
-
Cryptocurrencies Pose Risks to Emerging Markets, Central Bank's Stand Remains Unchanged: RBI Governor
RBI Governor Shaktikanta Das said on Thursday that the central bank's position on cryptocurrencies had not changed, despite wider acceptance in other countries. The central bank chief was responding to a question about the US securities regulator approving the first US-listed exchange-traded funds for Bitcoin. The RBI Governor has repeatedly stated...
-
E-Rupee CBDC Said to Hit RBI Target of 1 Million Daily Transactions by End of 2023
Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.
-
"Aim To Increase E-Rupee Transactions To 10 Lakh Per Day": RBI Deputy Governor
At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.
-
RBI's CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's e-Rupee platfor...
-
E-Rupee Worth Over Rs. 130 Crore in Circulation, Says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said on Monday that Digital or e-rupee worth over Rs 130 crore was in circulation on a pilot basis as of February 28. "As on February 28, 2023, the total digital rupee - Retail (e₹-R) and digital rupee - wholesale (e₹-W) in circulation is Rs 4.14 crore and Rs 126.27 crore, respectively," Sitharaman said in a ...
-
E-Rupee for Retail to Be Soon Piloted by 5 More Banks in 9 More Cities
Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve Bank of India, which began piloting the central bank digital currency or e-rupee for retail customers in early December with eight banks ...
-
Watch: Anand Mahindra Uses India's Digital Currency E-Rupee To Buy Fruits
Anand Mahindra claimed that he learned about the e-rupee during a meeting of the RBI board and immediately started using it to purchase fruit from a vendor.
-
Digital Rupee Trial Begins; Exponential Growth in UPI Payments Backs Optimism on India’s CBDC Pilot: Experts
India’s digital rupee CBDC went into retail trials on Thursday, December 1. The State Bank of India, ICICI Bank, Yes Bank, and IDFC First bank are the lenders that are participating in these trials, and upon completion, will testify if the CBDC is efficient and robust to use for day-to-day purchases.
-
CBDC: RBI to Commence Pilot Launch of E-Rupee for Specific Use Cases
The RBI on Friday said it will soon commence the pilot launch of e-rupee for specific use cases to boost India’s digital economy, making payment systems more efficient, and checking money laundering. The Government of India had announced the launch of the Digital Rupee — a Central Bank Digital Currency (CBDC) from fiscal year 2022-23 onwards in...
-
MobiKwik, CRED Launch CBDC eRupee in Partnership with RBI and Yes Bank
MobiKwik is the first digital wallet to go live with a full-scale production version of the e-rupee wallet, the new CBDC product is available to all its Android users. Yes Bank's role as the first sponsor bank to enable CBDC issuance for a third party application provider (TPAP) like CRED exemplifies its commitment to supporting the future of digit...
-
Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
-
Cryptocurrencies Pose Risks to Emerging Markets, Central Bank's Stand Remains Unchanged: RBI Governor
RBI Governor Shaktikanta Das said on Thursday that the central bank's position on cryptocurrencies had not changed, despite wider acceptance in other countries. The central bank chief was responding to a question about the US securities regulator approving the first US-listed exchange-traded funds for Bitcoin. The RBI Governor has repeatedly stated...
-
E-Rupee CBDC Said to Hit RBI Target of 1 Million Daily Transactions by End of 2023
Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.
-
"Aim To Increase E-Rupee Transactions To 10 Lakh Per Day": RBI Deputy Governor
At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.
-
RBI's CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's e-Rupee platfor...
-
E-Rupee Worth Over Rs. 130 Crore in Circulation, Says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said on Monday that Digital or e-rupee worth over Rs 130 crore was in circulation on a pilot basis as of February 28. "As on February 28, 2023, the total digital rupee - Retail (e₹-R) and digital rupee - wholesale (e₹-W) in circulation is Rs 4.14 crore and Rs 126.27 crore, respectively," Sitharaman said in a ...
-
E-Rupee for Retail to Be Soon Piloted by 5 More Banks in 9 More Cities
Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve Bank of India, which began piloting the central bank digital currency or e-rupee for retail customers in early December with eight banks ...
-
Watch: Anand Mahindra Uses India's Digital Currency E-Rupee To Buy Fruits
Anand Mahindra claimed that he learned about the e-rupee during a meeting of the RBI board and immediately started using it to purchase fruit from a vendor.
-
Digital Rupee Trial Begins; Exponential Growth in UPI Payments Backs Optimism on India’s CBDC Pilot: Experts
India’s digital rupee CBDC went into retail trials on Thursday, December 1. The State Bank of India, ICICI Bank, Yes Bank, and IDFC First bank are the lenders that are participating in these trials, and upon completion, will testify if the CBDC is efficient and robust to use for day-to-day purchases.
-
CBDC: RBI to Commence Pilot Launch of E-Rupee for Specific Use Cases
The RBI on Friday said it will soon commence the pilot launch of e-rupee for specific use cases to boost India’s digital economy, making payment systems more efficient, and checking money laundering. The Government of India had announced the launch of the Digital Rupee — a Central Bank Digital Currency (CBDC) from fiscal year 2022-23 onwards in...
