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Explained: What are RBI s CBDC e-rupee and wallets? All you need to know about digital rupee

India's CBDC e₹: A digital wallet linked to banks, serving as a digital representation of physical cash.

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SBI Makes Digital Rupee Interoperable With UPI, Here s What You Need To Know

Digital Rupee: The central bank launched the first pilot of the digital rupee on October 31, 2022, in the wholesale segment and identified nine banks as participants.

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Explained: How is digital Rupee different from UPI?

Unlike digital Rupee, UPI is just an interface used for making transactions based on physical currency. Digital Rupee is just another form of currency akin to fiat currency.

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How is e-Rupi different from UPI? Here are 5 key differences

Unlike UPI, which requires a bank account and a debit card in order to make payments, e-rupi does not need any of these things, according to experts.

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