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SBI clocks over 9 lakh CBDC transactions since December 2022, says official

The RBI started the pilot testing of CBDC in November last year in the wholesale segment and later in December it was extended to retail segment.

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RBI expected to launch CBDC pilot in call money market by October: Ajay Kumar Choudhary

In 2022, the RBI floated digital Rupee, India’s very own CBDC, and an electronic form of sovereign currency.

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RBI, banks plan new features to boost CBDC transactions: Report

Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end.

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rbi digital rupee pilot: RBI likely to start digital rupee pilot in call money market by October

The pilot of the wholesale CBDC, known as the Digital Rupee-Wholesale (e-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities.

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Can RBI s digital rupee replace UPI, Paytm and Google Pay?

While currently the focus of CBDC is on domestic use, the RBI is expected to soon start the groundwork for cross-border transactions.

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