India’s CBDC plans have taken a step forward with news that the country’s largest retailer, Reliance Retail, has agreed to start accepting digital rupee payments.
Reliance has teamed up with Icici Bank, Kotak Mahindra Bank and fintech Innoviti Technologies to roll out CBDC acceptance at its Freshpik stores. The rest of the giant’s locations will follow, according to Finextra.
Customers that want to pay with the digital rupee, will be given a dynamic digital rupee acceptance QR code that is scanned at checkout.
India began piloting a retail digital rupee last month, following up on an earlier wholesale CBDC trial.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
