Fintech platforms MobiKwik and CRED have become the first non-banking entities to offer the central bank digital currency (CBDC) - e-Rupee (e₹) wallet - for users. The product was developed in ...

As part of the pilot, Cred unveiled a beta version of its e-wallet, initially accessible to a select group of users. These “whitelisted” Cred members will be able to link their e-rupee wallets ...

Cred will roll out access for its e-rupee wallet to a select set of users and the issuance of e-rupee tokens into the wallets will be facilitated by YES Bank, the company said in a statement.

CBDC can be held and transacted through e-rupee wallets provided by both banks and non-banks for person-to-person payments or person-to-merchant transactions. “The Subhadra scheme was the first ...