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Reserve Bank of India

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...