Explained: How Reserve Bank’s e-rupee is different from UPI?
The Reserve Bank of India (RBI) has recently scaled the pilot of Central Bank Digital Currency (CBDC) or e-rupee for the retail sector. The central bank has received “very satisfactory” feedback and after the pilot, the digital currency might be made public, enabling payments digitally. However, Unified Payments Interface (UPI) is already being used in … Read more