Central Bank Digital Currency
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RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
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Global Bank Messaging Network SWIFT to Trial Live Digital Currency Transactions in 2025
SWIFT will trial live transactions of tokenised assets and digital currencies next year. Banks and asset managers hope that by using digital units - usually blockchain-based tokens that represent a share of the underlying asset - trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
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Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
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SWIFT Plans to Launch New Central Bank Digital Currency Platform Within Next Two Years
SWIFT, the global bank messaging network, plans to launch a new platform that will connect central bank digital currencies (CBDCs) to the existing finance system within the next two years. Its existing network is usable in over 200 countries and connects more than 11,500 banks and funds.
-
Digital Pound Benefit Assessment Conducted in UK as CBDC Rollout Comes Close
On the order of the UK Parliamentary Committee and the House of Commons, the Bank of England and the UK Treasury have analysed the benefits that could entail the launch of this CBDC. As part of the assessment, the Bank of England said CBDCs could reduce higher payment costs faced by smaller merchants among other findings.
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Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
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SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
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SBI's eRupee Can Now Be Accessed Via UPI
The State Bank of India (SBI) on Monday said it has implemented UPI interoperability in its digital rupee, called Central Bank Digital Currency (CBDC).
-
Mastercard Launches CBDC Partner Program for Discussions on Digital Currencies Among Crypto Players: Details
Mastercard has launched a CBDC-focussed forum called the ‘CBDC Partner Program’. Crypto-related firms Ripple, Consensys, Fluency, Idemia, Consult Hyperion, and Fireblocks have been roped-in by Mastercard as the initial members of its CBDC Partner Program. The aim is to provide crypto players with a platform where they can open discussions aroun...
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Bank of Japan Initiates Discussion With 60 Firms on Pilot Programme for Digital Yen
The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of...
-
HDFC Bank Onboards Over 1 Lakh Customers, 1.7 Lakh Merchants On Digital Currency Pilot
The largest private sector lender HDFC Bank on Thursday claimed that it has on-boarded over 1 lakh customers and more than 1.7 lakh merchants on the CBDC pilot programme and activated an interoperable UPI QR code with the e-rupee platform.
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Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report
The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Currently, large state-owned and private lenders, including State Bank of India, Bank of Baroda, ICICI Bank, HDFC Bank, Ko...
-
"Aim To Increase E-Rupee Transactions To 10 Lakh Per Day": RBI Deputy Governor
At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
-
Global Bank Messaging Network SWIFT to Trial Live Digital Currency Transactions in 2025
SWIFT will trial live transactions of tokenised assets and digital currencies next year. Banks and asset managers hope that by using digital units - usually blockchain-based tokens that represent a share of the underlying asset - trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions.
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
-
Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
-
SWIFT Plans to Launch New Central Bank Digital Currency Platform Within Next Two Years
SWIFT, the global bank messaging network, plans to launch a new platform that will connect central bank digital currencies (CBDCs) to the existing finance system within the next two years. Its existing network is usable in over 200 countries and connects more than 11,500 banks and funds.
-
Digital Pound Benefit Assessment Conducted in UK as CBDC Rollout Comes Close
On the order of the UK Parliamentary Committee and the House of Commons, the Bank of England and the UK Treasury have analysed the benefits that could entail the launch of this CBDC. As part of the assessment, the Bank of England said CBDCs could reduce higher payment costs faced by smaller merchants among other findings.
-
Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
-
SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
-
SBI's eRupee Can Now Be Accessed Via UPI
The State Bank of India (SBI) on Monday said it has implemented UPI interoperability in its digital rupee, called Central Bank Digital Currency (CBDC).
-
Mastercard Launches CBDC Partner Program for Discussions on Digital Currencies Among Crypto Players: Details
Mastercard has launched a CBDC-focussed forum called the ‘CBDC Partner Program’. Crypto-related firms Ripple, Consensys, Fluency, Idemia, Consult Hyperion, and Fireblocks have been roped-in by Mastercard as the initial members of its CBDC Partner Program. The aim is to provide crypto players with a platform where they can open discussions aroun...
-
Bank of Japan Initiates Discussion With 60 Firms on Pilot Programme for Digital Yen
The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of...
-
HDFC Bank Onboards Over 1 Lakh Customers, 1.7 Lakh Merchants On Digital Currency Pilot
The largest private sector lender HDFC Bank on Thursday claimed that it has on-boarded over 1 lakh customers and more than 1.7 lakh merchants on the CBDC pilot programme and activated an interoperable UPI QR code with the e-rupee platform.
-
Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report
The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Currently, large state-owned and private lenders, including State Bank of India, Bank of Baroda, ICICI Bank, HDFC Bank, Ko...
-
"Aim To Increase E-Rupee Transactions To 10 Lakh Per Day": RBI Deputy Governor
At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.
