RBI Monetary Policy: Governor Das Explains Difference Between Digital Rupee And UPI
2 years ago

RBI Monetary Policy: Governor Das Explains Difference Between Digital Rupee And UPI

ABP News  

The Reserve Bank of India on Wednesday clarified the key differences between the Central Bank Digital Currency and Unified Payments Interface. Speaking with the media after the monetary policy announcement, Das said, "Any UPI transaction involves the intermediation of the bank. Further elaborating on CBDC, RBI Deputy governor T Rabi Sankar said that similar to cash, CBDC can enable the movement of money directly between two private entities, individuals, or businesses. On the concerns regarding the anonymity in e-rupee transactions, the RBI governor said, “When you pay in currency notes to another person, no one can find out because that information is not available to the bank.

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