India's retail CBDC pilot has over 5 million users with as many as 16 banks participating. The nation's central bank Governor hinted at the possibility of avoiding a full-scale implementation.

India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told ...

RBI suggests a plug-and-play system to improve cross-border payments, focusing on CBDC interoperability and overcoming technical and governance challenges.

India continues experimenting with a CBDC but is not rushing to implement one as soon as possible, according to central bank governor Shri Shaktikanta Das.

Explore the impact of Central Bank Digital Currencies (CBDCs), their role in modern economies, and why countries are rapidly ...

India began piloting its CBDC in 2022, and saw meteoric growth, with more than 5 million investors and 400,000 merchants in the country experimenting with the digital rupee.

India is moving ahead with the next stage of its digital rupee pilot, adding programmability and offline payment capability.

Digital assets are no longer peripheral to global finance; they are becoming deeply intertwined with traditional markets.