Fintech platforms MobiKwik and CRED have become the first non-banking entities to offer the central bank digital currency (CBDC) - e-Rupee (e₹) wallet - for users. The product was developed in ...

The Indian rupee leaped higher on Monday, with persistent dollar sales from foreign banks helping the local unit claw back ...

As part of the pilot, Cred unveiled a beta version of its e-wallet, initially accessible to a select group of users. These “whitelisted” Cred members will be able to link their e-rupee wallets ...

But will the entry of these fintechs help increase awareness about how to deploy e-rupee and promote usage of CBDC wallets? After the central bank enabled CBDC issuance for third-party application ...

“The Subhadra scheme was the first government programme to distribute funds using the digital rupee. Following the success in ...

Cred will roll out access for its e-rupee wallet to a select set of users and the issuance of e-rupee tokens into the wallets will be facilitated by YES Bank, the company said in a statement.

The rupee then became a fiat currency under British ... the rapid shift to digital payments through platforms and mobile wallets. This reduces the reliance on cash and improves financial transparency.