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The Reserve Bank of India (RBI) central bank digital currency, the digital rupee, will have enhanced usability, Yes Bank announced Aug. 30. This was thanks to Yes Bank’s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. Now, Yes Bank account holders will be able to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Reserve Bank of India is enhancing its digital rupee pilot, as it intends to broaden participation and incorporate diverse use cases in the upcoming fiscal year. The Reserve Bank of India (RBI) is intensifying its digital
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Mauritius plans to launch the pilot phase of a digital rupee in November, Bank of Mauritius governor Harvesh Kumar Seegolam announced. Many of the parameters of the perspective central bank digital currency (CBDC) are already in place.Speaking at the International Monetary Fund/World Bank Community of Central Bank Technologists meeting held on
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India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are currently processed by eight banks, with five more banks set to join the pilot soon, said RBI Deputy Governor T.
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India launched two CBDC pilots last year. The first, a wholesale CBDC effort (CBDC-W), began on Nov. 1 with the participation of nine banks. The other, a retail CBDC (CBDC-R) pilot, launched on Dec. 1 in four cities – Mumbai, New Delhi, Bengaluru and Bhubaneswar. Initially, four banks, including the
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