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

Launched by RBI in 2022, CBDC aimed to reduce India's reliance on the dollar and counter cryptocurrencies. Despite lackluster ...

MUMBAI: RBI governor Sanjay Malhotra met fintech firms, payment system operators, their associations, and self-regulatory ...

Supported by major players in the market including HDFC Bank and PayPal, Mintoak focuses on merchant payment services for lenders. With the acquisition of Digiledge, Mintoak can now provide a greater ...

Mumbai: Nine months after the Reserve Bank of India (RBI) announced allowing non-bank payments players into central bank digital currency (CBDC) pilots, two private fintech firms, CRED and ...

Scope for more growth The RBI started a pilot for wholesale CBDC in November 2022 and for retail CBDC in December 2022. As of June 2024, 50 lakh users and 4.2 lakh merchants were participating in ...

PayPal-backed Mintoak acquires Digiledge for $3.5M, marking India’s first CBDC-related deal, to enhance digital payment ...

Last month, non-banks such as MobiKwik and Cred received the nod to roll out an e₹ wallet for their users nearly a year after the Reserve Bank of India (RBI) proposed to make CBDC-R (CBDC-Retail ...