RBI To Launch First Pilot For Retail Digital Rupee
The Reserve Bank of India announced the launch of the first pilot for retail digital Rupee on 1 December 2022. This comes after the apex bank stated on October 31 that the pilot would commence in a month’s time. The digital rupee would be in the form of a digital token that represents legal tender, …
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RBI’s Shocker: Tokenize Your Cards Before 30th
The Reserve Bank of India is unlikely to extend the Friday deadline for businesses to tokenise credit and debit cards. Banking and merchant sources said that despite a demand by smaller merchants, there has been no indication that the central bank would announce an extension beyond September 30. A banker with a state-owned bank told …
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