Digital currency
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Reliance Retail starts accepting digital currency for payments

Customers, using their choice of digital rupee app need to simply scan the QR code  and enter their passcode to authorise payment through e- rupee.

published on : 2nd February 2023
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Digital currency to further bolster digital economy, says RBI

Chaodhary said the CBDC is just a digital form of the physical currency and will have all its characteristics.

published on : 26th January 2023
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No intermediation of bank in CBDC: RBI

In case of digital rupee transactions, it goes from one’s mobile phone to somebody else’s mobile.

published on : 8th December 2022
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RBI to launch pilot for retail digital rupee on December 1 

The central bank commenced the first pilot in the wholesale segment on November 1, 2022. Central Bank Digital Currency (CBDC) is a digital form of currency notes issued by the RBI.

published on : 29th November 2022
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Will eRupee make banks irrelevant?

Many believe in future CBDC could limit the role of banks in the financial sector

published on : 13th November 2022
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RBI to launch pilot of e-rupee today

Settlement in central bank money would reduce transaction costs, according to Reserve Bank of India.

published on : 1st November 2022
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eRupee to be an additional payment method for users: RBI

RBI has said that digital rupee will be introduced in a phased manner, and once introduced innovation around the product could expand the choices available.  

published on : 11th October 2022
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Reserve Bank to soon start pilot launch of e-rupee for specific use cases

Reserve Bank said it wants to create a digital Rupee that is as close as possible to a paper currency and to manage the process of introducing digital rupee in a seamless manner.

published on : 7th October 2022
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Looking at 'pros and cons' of introduction of digital currency: RBI

The Reserve Bank has been looking at the pros and cons of introduction of CBDC in India and it proposes to adopt a graded approach to introduction of CBDC.

published on : 27th May 2022
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RBI working on phased approach ahead of digital currency launch

Finance Minister Nirmala Sitharaman, during her Budget speech, said the digital currency would be introduced by 2023

published on : 27th May 2022
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No plans to introduce cryptocurrency: Pankaj Chaudhary

RBI is currently working towards a phased implementation strategy for the introduction of CBDC and examining use cases that could be implemented with little or no disruption, he said in another reply.

published on : 15th March 2022
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Industry optimistic about Biden’s order on cryptocurrency

Many countries are now exploring government-backed digital currencies, and the latest one to explore possible uses of digital assets is the US government.

published on : 11th March 2022
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Proposed digital currency by RBI to speed up transactions, reduce cost of cash: Deloitte

The report said CBDCs are likely to drive efficiencies and effectiveness of a jurisdiction's payments system by ensuring that its users access safe digital money.

published on : 9th March 2022
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Biden signing order on cryptocurrency as its use explodes

As part of the order being signed Wednesday, the Treasury Department and other federal agencies are to study the impact of cryptocurrency on financial stability and national security.

published on : 9th March 2022
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"We see clear advantages in a central bank driven digital currency": Nirmala Sitharaman

FM Nirmala Sitharaman, said the 'Digital Rupee' is a conscious call taken in consultation with RBI  and the govt sees clear advantages in a central bank driven digital currency.

published on : 8th March 2022
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Blockchain becoming the rage at US business schools

Blockchain runs by recording transactions as "blocks" that are updated in real time on a digitized ledger that can be read from anywhere and does not have a central recordkeeper.

published on : 5th November 2017