Cred, MobiKwik Become First Fintech Firms to Launch RBI's E-Rupee CBDC Wallets
Sponsored by Yes Bank, both fintechs now offer CBDC wallets supporting P2P and merchant payments, with plans for programmable merchant payments and PIN-less transactions. Daily limit set at Rs 50,000, Rs 10,000 per transaction, and Rs 500 PIN-less threshold.
Cred and MobiKwik become first fintech firms to launch RBI CBDC (E-Rupee) e-wallets, sponsored by Yes Bank, supporting P2P and merchant payments with plans for programmable merchant payments and PIN-less transactions.