Digital Rupee Trial Begins; Exponential Growth in UPI Payments Backs Optimism on India’s CBDC Pilot: Experts

Digital Rupee Trial Begins; Exponential Growth in UPI Payments Backs Optimism on India’s CBDC Pilot: Experts

India’s digital rupee CBDC, officially stepped into its retail trial period in four cities — New Delhi, Mumbai, Bengaluru, and Bhubaneswar, 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,…