The Reserve Bank of India is preparing to launch its central bank digital currency (CBDC), legally recognised as the digital rupee. It will be interchangeable with traditional money, usable for payments, and secure for storing value. Referred to as the e or digital rupee, RBI’s CBDC provides an alternative for...
India's very own E- Rupee is a noncontact electronic payment that is fully cashless that was launched by the Reserve Bank of India (RBI), on December 1, 2022. The E-Rupee holds the same value as the physical money which means that Rs 1 in cash is equal to 1 digital rupee....
What is e-RUPI?India’s Government plans to leverage digital infrastructure for seamless delivery of welfare packages. Taking inspiration from other countries like the United States and Hong Kong, India is introducing a new payment system called “e-RUPI,” utilizing prepaid vouchers for specific purposes. As a fintech pioneer, this move could lead...
