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Shaktikanta Das

India’s CBDC has 5M users, RBI in ‘no rush’ to launch it
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28 August, 2024

India’s CBDC has 5M users, RBI in ‘no rush’ to launch it

India’s central bank revealed that 16 local banks are participating in the pilot but says it’s still finetuning features such...
Reserve Bank of India plans ‘public repository’ to curb unauthorized digital lending apps
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13 August, 2024

Reserve Bank of India plans ‘public repository’ to curb unauthorized digital lending apps

The RBI plans to create a public repository of digital lending applications deployed by banks and financial institutions, which are...
Reserve Bank of India plans ‘delegated payments’ through UPI
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12 August, 2024

Reserve Bank of India plans ‘delegated payments’ through UPI

The RBI plans to introduce a facility of 'delegated payments' in the UPI to boost digital payments in the country,...
India’s UPI most preferred for retail payments in 2023-24, RBI report says
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9 August, 2024

India’s UPI most preferred for retail payments in 2023-24, RBI report says

India’s UPI has emerged as the most preferred method of retail payments, with a 79.6% share in total volumes of...
India’s digital trade could reach $2.4T by 2047 as digital trade popularity soars: RBI
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8 August, 2024

India’s digital trade could reach $2.4T by 2047 as digital trade popularity soars: RBI

Thanks to the development of seamless payment networks, India's e-commerce and digital trade ecosystem is flourishing, with the Reserve Bank...
RBI: Emerging tech driving India’s financial sector transformation despite digital fraud concerns
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31 July, 2024

RBI: Emerging tech driving India’s financial sector transformation despite digital fraud concerns

According to RBI Governor Shaktikanta Das, "The financial landscape in India is undergoing a structural transformation," driven by technological innovations...
From street vendors to large stores, Indian merchants adopt digital payments: survey
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17 July, 2024

From street vendors to large stores, Indian merchants adopt digital payments: survey

India is seeing a spike in the adoption of digital payments among merchants operating small stores and consumers paying items...
India’s NPCI, QNB Group to introduce UPI payments in Qatar
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16 July, 2024

India’s NPCI, QNB Group to introduce UPI payments in Qatar

Utilizing UPI payments in Qatar through the QNB merchant network is expected to significantly benefit Indian tourists visiting the country.
India’s retail CBDC usage drops amid growing UPI popularity
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3 July, 2024

India’s retail CBDC usage drops amid growing UPI popularity

With more locals utilizing UPI, India is struggling to promote its CBDCs, with both retail and wholesale CBDCs taking a...
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’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...
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...