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SBI and IDFC First Bank started the facility, transactions in digital currency can be done through UPI.

SBI and IDFC First Bank started the facility, transactions in digital currency can be done through UPI.

The country’s largest public sector banks State Bank of India (SBI) and IDFC First Bank have provided digital currency (e-Rupee) payment facility to their customers through UPI. Both the banks have started UPI QR code scan service regarding Central Bank Digital Currency (CBDC) i.e. digital currency. It has been named UPI Interoperability. This facility will … Read more

Digital Currency: RBI will use the bulk of digital currency in the call money market, this is the plan

Digital Currency: RBI will use the bulk of digital currency in the call money market, this is the plan

The Reserve Bank of India (RBI) is planning to expand the wholesale use of an experimentally piloted central bank digital currency (CBDC) in the form of tokens in the interbank lending or call money market. RBI sources gave this information. On November 1, 2022, the RBI started an experimental test of the bulk use of … Read more