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Reserve Bank of India

Reserve Bank of India gives no specific timeline for ‘full-fledged’ e-rupee launch
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7 March, 2024

Reserve Bank of India gives no specific timeline for ‘full-fledged’ e-rupee launch

It will take quite some time before India sees the "full-fledged" launch of its CBDC as the RBI insists on...
India expands CBDC project; plans programmability, offline use
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14 February, 2024

India expands CBDC project; plans programmability, offline use

In its monetary policy statement of 2024, the Reserve Bank of India revealed that it is looking to enable additional...
India’s CBDC pilot hits 1 million daily transactions amid controversy
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6 January, 2024

India’s CBDC pilot hits 1 million daily transactions amid controversy

Reserve Bank of India achieves a significant milestone as the digital rupee pilot surpasses 1 million daily transactions, but controversies...
India pushes for digital rupee in 2023 as provincial governments explore blockchain use cases
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28 December, 2023

India pushes for digital rupee in 2023 as provincial governments explore blockchain use cases

India is shaping to become a major player in the blockchain space, gradually embracing the technology and exploring its endless...
Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features
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7 December, 2023

Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features

India is eyeing a collaboration with U.S. Federal Reserve and HKMA for cross-border CBDC functionality to enhance international remittances and...
India full-scale wholesale CBDC launch may happen in early 2024: report
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14 November, 2023

India full-scale wholesale CBDC launch may happen in early 2024: report

After the successful pilot, the Reserve Bank of India may launch a full-scale wholesale central bank digital currency in January...
Indian banks to boost volume of CBDC transactions through incentives
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2 November, 2023

Indian banks to boost volume of CBDC transactions through incentives

With cashbacks and reward points, the Reserve Bank of India and other participating banks are hoping for a higher digital...
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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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
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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
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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...
Reserve Bank of India urges self-regulatory body for fintech firms
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14 September, 2023

Reserve Bank of India urges self-regulatory body for fintech firms

RBI Governor Shaktikanta Das encourages Indian fintech firms to create a self-regulatory organization (SRO) for innovation and consumer protection, aiming...