Cred, MobiKwik Become First Fintechs to Offer RBI's E-Rupee CBDC Wallets
Cred and MobiKwik have launched RBI's Central Bank Digital Currency (E-Rupee) wallets, sponsored by Yes Bank, supporting UPI P2P and merchant payments. Wallets carry a Rs 50,000 daily limit, Rs 10,000 per transaction cap, and PIN-less payments below Rs 500 — expanding CBDC access on India's payment rails.
Cred and MobiKwik become first fintechs to offer RBI CBDC (E-Rupee) wallets, sponsored by Yes Bank, supporting UPI P2P and merchant payments — relevant to India payment rails and merchant transactions.
Why this matters
Cred continues expanding its payment footprint, becoming among the first fintechs to launch RBI's E-Rupee CBDC wallets alongside MobiKwik, broadening CBDC access across UPI and merchant payment rails.
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