Scope for more growth The RBI started a pilot for wholesale CBDC in November 2022 and for retail CBDC in December 2022. As of June 2024, 50 lakh users and 4.2 lakh merchants were participating in ...

Payments giant MasterCard is forecasting that central banks will shift away from retail CBDCs (central bank digital ...

The central bank digital currency (CBDC) is going to completely revolutionise the entire payment space in terms of how one makes a payment, just like UPI did, Debadatta Chand, MD and CEO of Bank ...

CBDC and the effectiveness of monetary policy Issuing a central bank digital currency (CBDC) could potentially counter the use of Libra. A CDBC could offer a new digital payment rail and an asset for ...

We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint. We’ve started the design process for the new $20 bank note featuring His ...

With Donald Trump banning work on a digital dollar, a central bank survey suggests that while 75% still plan to issue a CDC, nearly a third have pushed back their issuance timeline.

In the wholesale segment, the outstanding amount stood at ₹8 lakh in March 2024, from ₹10.6 crore last year, and in the retail segment, the amount climbed to ₹234 crore in March 2024, from ₹6 crore ...

Most outdoor brand logos are bland as a soggy sandwich left out in the rain. But not Patagonia's. Their logo is like a breath of fresh mountain air in a world of corporate stuffiness. I remember the ...

BS BFSI Summit: RBI is actively working to link UPI with other countries, aiming for global acceptance that would allow Indians abroad to make payments using UPI, said RBI Deputy Governor ...