Cred, MobiKwik Launch India's First Fintech CBDC Wallets on RBI E-Rupee Rails
Cred and MobiKwik became the first fintech firms to offer RBI's CBDC (E-Rupee) e-wallets, sponsored by Yes Bank. The wallets support UPI-based P2P and merchant payments with a Rs 50,000 daily limit, Rs 10,000 per transaction, and PIN-less payments below Rs 500—expanding India's digital payment infrastructure for retail operators.
Cred and MobiKwik became the first fintech firms to launch RBI CBDC (E-Rupee) e-wallets, sponsored by Yes Bank, supporting UPI-based P2P and merchant payments, expanding India's digital payment rails for retail.
Why this matters
Cred and MobiKwik continue their push into RBI's E-Rupee rails, building on earlier moves to become the first fintech firms offering CBDC wallets—expanding digital payment options for retail operators.
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