Digital Rupee: Where Things Stand Today The Reserve Bank of India (RBI) launched the retail CBDC pilot (e₹-R) with the goal of exploring digital currency use among individuals and businesses.

3. Banks provide the digital rupee app, where one can convert INR from linked bank accounts to digital rupees and start transacting using scan codes. 4.

The Reserve Bank of India started a pilot for the e-rupee, a digital alternative to the physical currency, in December 2022. After an initial surge, e-rupee transactions have declined, reflecting ...

India began piloting its CBDC in 2022, and saw meteoric growth, with more than 5 million investors and 400,000 merchants in the country experimenting with the digital rupee.

MUMBAI, June 25 (Reuters) - Usage of India's digital currency, the e-rupee, has slumped to just a tenth of the peak hit in December, four sources said, reflecting the struggles several countries ...

On his last day as the governor of the Reserve Bank of India (RBI), Shaktikanta Das shared his vision to transform India’s economy with a home-grown central bank digital currency (CBDC), the ...