After the claims are received from banks, the interest subvention sum will be deposited into the CBDC wallet of every student qualified for loan assistance under the Pradhan Mantri Vidyalaxmi (PM ...

Crypto assets were under scrutiny in the U.S. Congress on March 11. The House of Representatives Financial Services Committee ...

A system is being worked out to integrate the Central Bank Digital Currency (CBDC)-based subsidy system with the Unified Portal for Education Loan, one of the executives said. Once this happens ...

Launched by RBI in 2022, CBDC aimed to reduce India's reliance on the dollar and counter cryptocurrencies. Despite lackluster adoption, fintech companies like CRED and MobiKwik are introducing CBDC ...

PayPal backed Indian fintech Mintoak has acquired Digiledge in a deal valued at nearly $3.5m, marking its first deal in the country’s central bank digital currency (CBDC) space, Reuters reported.

A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020 ...

Mumbai: Nine months after the Reserve Bank of India (RBI) announced allowing non-bank payments players into central bank digital currency (CBDC) pilots, two private fintech firms, CRED and ...

But what does that future look like? With 90 per cent of central banks now exploring their own CBDC (Central Bank Digital Currency) according to McKinsey, the once-fanciful notion that governments ...

The Reserve Bank of India started a pilot for the CBDC, or e-rupee, a digital alternative to physical currency, in December 2022, and last April, it expanded the scope of transactions to payment ...

The amount involved in the transaction was not disclosed. For Mintoak, the acquisition means adding bill payments and CBDC capabilities to its platform, which would allow it to offer better ...