Google Pay, PhonePe Other Payment Firms Seek to Join RBI’s CBDC Pilot, Said to Offer eRupee Transactions

Google Pay, PhonePe Other Payment Firms Seek to Join RBI’s CBDC Pilot, Said to Offer eRupee Transactions

GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank’s digital currency pilot by offering transactions via the eRupee, three sources directly involved in the discussions said. Indian fintech firms Cred and Mobikwik are the other two that have applied to join the…