D. Udaya Kumar of IIT Bombay designed the Indian Rupee symbol in 2009, before which the Indian currency had no graphic representation.

The Reserve Bank of India (RBI) is set to broaden the reach of its digital rupee pilots by introducing new use cases and features for both its retail (e₹-Retail) and wholesale (e₹-Wholesale ...

Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources ...

What Happened: The five payment firms are planning to offer transactions via the e-rupee, the digital alternative to physical currency launched by the RBI in December 2022, Reuters reported.

GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank's digital currency pilot by offering transactions via the e-rupee, three ...

India began piloting its CBDC in 2022, and saw meteoric growth, with more than 5 million investors and 400,000 merchants in the country experimenting with the digital rupee.

The Reserve Bank of India (RBI) has a digital currency under trial, but it may be time for RBI-regulated rupee-pegged stablecoins to help expand the adoption of blockchain-based money. Stablecoins ...

According to the report, total digital payments recorded a growth of 34.8% in volume and 17.9% in value. Furthermore, India dominated global real-time payments during the year.