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, with UPI-linked p2p and merchant payments. Limits include Rs 50,000 daily, Rs 10,000 per transaction, and PIN-less payments below Rs 500—expanding India's digital retail payment rails.
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—expanding India's digital payment rails for retail transactions.