Yes Bank has been selected as the primary sponsor bank to facilitate the issuance of the CBDC for both of these third-party application providers.

MobiKwik's existing full KYC user base, which amounts to 167 million ... MobiKwik co-founder and MD Bipin Preet Singh added: “We expect that CBDC will make the Indian rupee digital and ...

What transaction details should be shown to a payer’s MSB? Should users be able to transact outside of KYC regulations to some extent? By using a framework to document CBDC privacy requirements, ...

CRED launches e-rupee wallet, integrating RBI's CBDC, with Yes Bank as sponsor bank, enabling secure digital payments.

while new users must complete video KYC verification. The wallet supports denominations ranging from 50 paise to ₹500. This development follows RBI’s April 2024 decision to extend CBDC access ...

Wholesale CBDC is designed for use by financial institutions ... MobiKwik’s existing users, who already have full KYC done, will immediately be able to open an e₹ wallet and load it from ...

MobiKwik is now scaling its CBDC project and has launched a full-fledged ... With MobiKwik’s extensive 100% KYC-compliant user base, MobiKwik users may immediately set up their e₹ wallet ...

CRED members whitelisted for the beta can pay UPI-linked bank accounts, and send/receive money to other CBDC wallets. The onboarding process will require the users to complete video KYC ...

Nearly a third of central banks have delayed plans for a central bank digital currency (CBDC) due to regulatory concerns and changing economic conditions. Key reasons for the delays include ...

eKYC, often called paperless KYC, is the process of electronically verifying the customer’s credentials. This is mandatory for everyone to avail of the services from any financial institution.

New users will be required to complete a video KYC procedure in order to access this ... Payments Interface and transfer funds to other CBDC wallets. To avail of this service, users must complete ...