Cred, MobiKwik Become First Fintech Firms to Offer RBI's CBDC E-Rupee Wallets
Cred and MobiKwik are the first fintechs to roll out RBI's E-Rupee wallets, sponsored by Yes Bank and supporting UPI-based P2P and merchant payments. Limits are set at Rs 50,000 daily and Rs 10,000 per transaction, with PIN-less payments below Rs 500 — expanding India's digital payment rails for retail.
Cred and MobiKwik become first fintech firms offering RBI's CBDC (E-Rupee) e-wallets, sponsored by Yes Bank, supporting UPI-based P2P and merchant payments — expanding India's digital payment rails relevant to retail transactions.