E Rupee

The Reserve Bank of India started a pilot for the CBDC, or e-rupee, a digital alternative to physical currency, in December 2022

MobiKwik, Cred take the lead in CBDC rollout, launch e₹ wallets with Yes Bank

This launch follows RBI's announcement in April 224, which proposed extending CBDC to a broader user base. While Cred has introduced a beta version of its e₹ wallet for a select group of users, MobiKwik has rolled out a full-scale launch, making it available to all Android users.

How Digital Rupee will revolutionise cross-border payments and remittances

International payments have endured inefficiencies, leading to slower, less transparent, and costlier transactions, compared to domestic payments. With the emergence of the Digital Rupee, more people can reap benefits like instant fund transfers, increased security, and lower currency volatility.

Will consumers ditch cash and UPI to embrace e-rupee?

To make the e-rupee popular, the RBI needs to address the deep-seated preference for cash, the ubiquity of UPI, and the need to strike a balance between innovation and familiarity

Reliance General to accept CBDC e-Rupee through Yes Bank

The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's eRupee platform, a statement said.

E-rupee worth over Rs 130 crore in circulation: Nirmala Sitharaman

The Reserve Bank of India (RBI) had launched pilots in digital rupee in the wholesale segment (e?-W) on November 1, 2022 and in the retail segment (e?-R) on December 1, 2022.

CBDCs will bring a lot of opportunities for fintech community: RBI official

The Reserve Bank of India is encouraging fintech companies to create innovative solutions for Central Bank Digital Currencies (CBDCs) that can be accessible to citizens without internet access.

Anand Mahindra learns of e-rupee from RBI meeting, uses it to buy fruit. Watch

The video shows Anand Mahindra scanning the e-rupee QR code from the fruit vendor before making the payment and then showing him the completed transaction.

E-rupee rollout: Experts say security, transaction anonymity remain grey areas

User anonymity, security of digital wallets and confusion over offline transactions are among the concerns raised over the retail e-rupee

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India cenbank says digital currency transactions to stay largely anonymous

The RBI has begun experiments on both the wholesale and retail versions of e-rupee using blockchain distributed-ledger technology, as an alternative to cash.

Retail e-rupee trials will start this month itself, says RBI governor

He termed the launch of the central bank digital currency (CBDC), which started on the wholesale front between a limited set of banks on Tuesday, as a landmark moment in the history of currencies in the country.

India uses e-rupee to settle 2.75 billion rupees of government bonds

Trades in a total of three securities –– five-year 7.38% 2027 former benchmark 6.54% 2032 and the current benchmark 7.26% 2032 bonds –– were settled under the new route

China, Hong Kong, Thailand, UAE complete pilot for cross-border CBDC platform

Twenty banks across the countries used the mBridge platform to conduct 164 payment and foreign exchange transactions worth more than $22 million