MobiKwik makes news as the first fintech to fully launch India's CBDC (e₹) wallet with RBI and YES BANK, enabling seamless ...

UMFL has received in-principle approval from the RBI for setting up a small finance ... This was achieved by doing the first successful cashless disbursement to various beneficiaries in the ...

In November 2022, RBI launched a pilot project on Central Bank Digital Currency (CBDC ... 17 Jan 25 Indians visiting Dubai can use UPI to shop cashless at duty free shops... Indian tourists in the UAE ...

The Indian rupee strengthened on Friday after struggling for most of the week as global markets were jolted by fears of a ...

The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide ...

The RBI will continue its currency market intervention strategy to manage excessive volatility and maintain macro-economic stability. The rupee hit a new low of 86.63 against the dollar amid ...

Photo Credit: India's central bank will be more judicious in its use of foreign exchange reserves to mitigate domestic currency market ... said. The Reserve Bank of India will continue to ...

However, on April 2024, the RBI opened up this program to allow payment firms as well. Cred now becomes part of the league of companies including GooglePay, PhonePe, AmazonPay, and MobiKwik, who ...

The shift to cashless payments is also driven by efforts from India and other countries to promote domestic digital settlement systems and reduce the dominance of Western credit card brands.

The RBI still has $640 billion in reserves, so why isn’t it arresting the slide, they complain. The RBI estimated in December that a third of all external borrowings were unhedged for currency risk.