Cred, MobiKwik Become First Fintechs to Offer RBI's CBDC (E-Rupee) Wallets
Sponsored by Yes Bank, the E-Rupee wallets support UPI P2P/P2M payments with a Rs 50,000 daily and Rs 10,000 per-transaction limit. Cred plans programmable merchant payments and PIN-less transactions under Rs 500—expanding digital rails available to retail merchants.
Cred and MobiKwik become first fintechs to offer RBI CBDC (E-Rupee) wallets, sponsored by Yes Bank, supporting UPI P2P/P2M payments. Cred plans programmable merchant payments and PIN-less transactions—relevant to India's digital payment rails for retail merchants.