Cred, MobiKwik First Fintechs to Offer RBI's CBDC (E-Rupee) Wallets
Cred and MobiKwik become the first fintech firms to launch RBI CBDC e-wallets, sponsored by Yes Bank. The wallets support UPI-linked P2P and merchant payments, with programmable merchant payments planned for Cred Pay—expanding digital rupee reach into merchant and retail checkout flows.
Cred and MobiKwik become the first fintech firms to offer RBI CBDC (E-Rupee) e-wallets, sponsored by Yes Bank, supporting UPI-linked p2p and merchant payments, with programmable merchant payments planned for Cred Pay.
Why this matters
Cred continues expanding its payments stack after launching 'Cred Money' to unify bank accounts, wallets and UPI IDs, and its $900M CRED-Meta deal. CBDC wallets push it deeper into merchant checkout.
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