MobiKwik Becomes First Fintech To Fully Roll Out CBDC

Share via:


SUMMARY

MobiKwik has announced the launch of the full version of its e₹ wallet in collaboration with the Reserve Bank of India (RBI) and Yes Bank

This marks the introduction of India’s Central Bank Digital Currency (CBDC) into the fintech space

This comes after RBI last year in April proposed to extend the CBDC accessibility to a broader user base. The move then opened the doors for non-bank payment operators to make CBDC transactions which were only limited to the banks earlier

Fintech major MobiKwik has become the first…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

admin
admin
Hi! This is Admin.

Popular

More Like this

MobiKwik Becomes First Fintech To Fully Roll Out CBDC


SUMMARY

MobiKwik has announced the launch of the full version of its e₹ wallet in collaboration with the Reserve Bank of India (RBI) and Yes Bank

This marks the introduction of India’s Central Bank Digital Currency (CBDC) into the fintech space

This comes after RBI last year in April proposed to extend the CBDC accessibility to a broader user base. The move then opened the doors for non-bank payment operators to make CBDC transactions which were only limited to the banks earlier

Fintech major MobiKwik has become the first…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

admin
admin
Hi! This is Admin.

More like this

India Shaping AI Governance Policies: FM Nirmala Sitharaman

SUMMARY FM Nirmala Sitharaman, citing PM Modi, underlined that...

Bybit expresses deep gratitude for industry support amid $1.4B...

"With this level of unity in this space,...

Trump administration reportedly shutting down federal EV chargers nationwide

The General Services Administration, the agency that manages...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!