The idea of digital money has been one of huge controversy worldwide, and India is no exception. The introduction of cryptocurrencies and new digital payment options has prompted government ...

According to estimates, UPI was used to make 65 per cent of digital payments in India. It processed 1,200 crore transactions ...

MobiKwik is now scaling its CBDC project and has launched a full-fledged e-rupee (e₹) acceptance in partnership with the Reserve Bank of India (RBI) and YES BANK. With this, MobiKwik has becom ...

New Delhi: The Reserve Bank of India (RBI) is taking a significant step to promote its central bank digital currency (CBDC) by piloting its use internally. In a recent decision, the RBI has opted ...

This marks Circularity’s second major CBDC deployment, following its 2024 pilot for farmers in partnership with RBI, IndusInd Bank, and Hindustan Agro Farmer Cooperative, where programmable ...

A Kerala-based green startup, Green Worms, along with Circularity Innovation Hub India, has initiated a revolutionary circular economy initiative that combines Circularity Credits with Reserve Bank of ...

India Fintech Foundation (IFF) was officially launched at Startup Mahakumbh as a proposed self-regulatory organization for ...

Fintech Association for Consumer Empowerment (FACE) was the first organisation to be recognised by RBI as SRO-Fintech August ... bank digital currencies (CBDC) and Web3 etc,” the source added.

COVID-19 was the biggest test for the Indian banking sector as it exacerbated pre-existing challenges. The sector was already burdened with substantial bad loans, and the pandemic further pushed ...

Built like crypto but regulated by the RBI, India's eRupee CBDC is currently under its advanced trial phase. The country’s apex bank, at this point, is looking at the eRupee to become a tool to ...

Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of ...