Cred, MobiKwik Become First Fintech Firms to Offer RBI's CBDC e-Rupee Wallets
Sponsored by Yes Bank, the new e-Rupee wallets support UPI p2p and p2m payments, with roadmap features including programmable merchant payments and PIN-less transactions below Rs 500. Daily limit set at Rs 50,000 with Rs 10,000 per transaction.
Cred and MobiKwik become first fintech firms to offer RBI CBDC (e-Rupee) wallets, sponsored by Yes Bank, supporting UPI p2p/p2m payments with plans for programmable merchant payments and PIN-less transactions.
Why this matters
Cred and MobiKwik lead fintech CBDC adoption, being the first firms to offer RBI's e-Rupee wallets. The move extends digital payment access beyond banks into omni-channel fintech platforms.
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