E-Rupee CBDC Said to Hit RBI Target of 1 Million Daily Transactions by End of 2023

E-Rupee CBDC Said to Hit RBI Target of 1 Million Daily Transactions by End of 2023

ByNews Polite

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. The central bank digital currency (CBDC), called the e-rupee, has been devised as a…

Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report

Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report

ByNews Polite

The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Nearly two dozen central banks across emerging and advanced economies are…

RBI’s CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank

RBI’s CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank

ByNews Polite

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…