digital rupee Archives

Reserve Bank of India launches wholesale CBDC pilot for short-term loans

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26 October, 2023

Reserve Bank of India launches wholesale CBDC pilot for short-term loans

Under the wholesale CBDC pilot, the RBI will test the viability of atomic settlements using blockchain plus the additional functionality...

India sees UPI success driving CBDC adoption, cross-border transactions as an opportunity to excel

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Wahid Pessarlay

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23 September, 2023

India sees UPI success driving CBDC adoption, cross-border transactions as an opportunity to excel

India's CBDC navigates UPI competition while aiming for cross-border success, considering the digital rupee's journey amidst UPI dominance and its...

Indian firms pioneer CBDC solutions for feature phones amid slow internet adoption

Business

Wahid Pessarlay

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16 September, 2023

Indian firms pioneer CBDC solutions for feature phones amid slow internet adoption

Nokia's parent firm, HMD Global, with Airtel Payments Bank and IDEMIA, is creating offline payment options for the digital rupee,...

Reserve Bank of India’s CBDC enhancements aim to boost adoption

Business

Wahid Pessarlay

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15 September, 2023

Reserve Bank of India’s CBDC enhancements aim to boost adoption

The Reserve Bank of India is planning upgrades for its digital rupee to encourage wider adoption, including offline payments and...

India’s YES Bank integrates UPI with digital rupee app for enhanced features

Business

Wahid Pessarlay

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10 September, 2023

India’s YES Bank integrates UPI with digital rupee app for enhanced features

YES Bank's UPI integration with RBI's CBDC app advances digital rupee adoption, offering seamless transactions, expanding reach, and setting the...

India: Central bank-backed NPCI seeks blockchain expert for Web 3.0 ventures

Business

Wahid Pessarlay

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7 September, 2023

India: Central bank-backed NPCI seeks blockchain expert for Web 3.0 ventures

The National Payments Corporation of India (NPCI) is hiring a Head of Blockchain with blockchain expertise to enhance payments through...

Mukesh Ambani’s Reliance Industries enters blockchain and CBDC space

Business

Wahid Pessarlay

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2 September, 2023

Mukesh Ambani’s Reliance Industries enters blockchain and CBDC space

Reliance's Jio Financial Services to enter digital rupee space with blockchain and CBDCs ahead of India's CBDC launch.

India’s HDFC bank onboards 100,000 users for digital rupee pilot

Business

Steve Kaaru

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21 July, 2023

India’s HDFC bank onboards 100,000 users for digital rupee pilot

HDFC, India's largest private sector bank, has also onboarded 170,000 merchants as India seeks to hit a million daily transactions...

India central bank turns to cross-border functionality despite advocating for cautious CBDC development

Business

Wahid Pessarlay

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5 July, 2023

India central bank turns to cross-border functionality despite advocating for cautious CBDC development

The Reserve Bank of India is keen on experimenting with multiple CBDC use cases outside the purview of domestic payments,...

Reserve Bank of India targets 1M CBDC users before end of June 2023

Business

Wahid Pessarlay

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15 June, 2023

Reserve Bank of India targets 1M CBDC users before end of June 2023

To prevent shocking its financial system, the central bank says it will take a "calibrated approach" in launching the digital...

Reserve Bank of India’s deputy governor wants to promote CBDCs

Business

Wahid Pessarlay

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10 May, 2023

Reserve Bank of India’s deputy governor wants to promote CBDCs

Rabi Sankar, deputy governor of the Reserve Bank of India, said the ideal way out of the digital currency dilemma...

Russia wants BRICS nations to explore new trade currency

Business

Wahid Pessarlay

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4 April, 2023

Russia wants BRICS nations to explore new trade currency

India and Russia should take the lead in forming a financial relationship to ultimately create a new common currency, according...

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