Articles for Bank Digital

RBI To Make Digital Currency Available Offline
7 months, 2 weeks ago

RBI To Make Digital Currency Available Offline

Deccan Chronicle  

Mumbai: The Reserve Bank of India Governor Shaktikanta Das on Monday said the central bank is considering testing Central Bank Digital Currency in commercial papers and certificates of deposits on a pilot basis. Das said that the central bank has been working on making CBDC transferable offline, introducing programmability features and promoting financial inclusion. “We are working on making CBDC …

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Central Bank Digital Currencies Are Redefining Digital Money
10 months, 1 week ago

Central Bank Digital Currencies Are Redefining Digital Money

The Quint  

The Reserve Bank of India, in a forward-looking move, decided to extend the pilot program for the digital rupee. This extension reflects the central bank’s commitment to exploring and harnessing the potential of central bank digital currencies. Private players who dominate the digital payments market have simplified life for the world population with innovations like e-money, online transactions, mobile banking, …

Bank Digital Central Currencies Cbdcs Central Bank Digital Currencies
Indian banks offer incentives to lift RBI’s e-rupee: Report
1 year, 1 month ago

Indian banks offer incentives to lift RBI’s e-rupee: Report

Live Mint  

Digital Rupee: In a bid to boost volums in RBI's e-rupee transactions, Indian banks are offering incentives for using the central bank digital currency. HDFC Bank leads Informing about the initiatives taken by HDFC Bank to boost RBI's e-rupee transactions, country head for payments, liability products, consumer finance and marketing, Parag Rao said that India's largest private lender has rolled …

India Bank Digital Rbi Banks Rupee Offer
How the Commonwealth Bank, Westpac, ANZ and NAB bosses justify closing hundreds of branches across regional Australia
1 year, 3 months ago

How the Commonwealth Bank, Westpac, ANZ and NAB bosses justify closing hundreds of branches across regional Australia

ABC  

For the past six months, a Senate inquiry has travelled across the country to find out why more than 1,600 bank branches have shut across regional and rural Australia in the last six years. On Wednesday, the inquiry heard directly from those in charge of the closures — the bosses of Australia's "Big Four" banks: Commonwealth Bank, Westpac, NAB and …

Australia Services Sale Digital Commonwealth Digital Banking Senate
Easing credit flow: On the Reserve Bank of India’s Public Tech Platform for Frictionless Credit
1 year, 4 months ago

Easing credit flow: On the Reserve Bank of India’s Public Tech Platform for Frictionless Credit

The Hindu  

The Reserve Bank of India’s plan to establish a ‘Public Tech Platform for Frictionless Credit’ is a well-intentioned move that is aimed at easing the flow of credit, especially to small and marginal borrowers. Developed by the Reserve Bank Innovation Hub, the platform will feature open architecture, open Application Programming Interfaces and standards that would facilitate the seamless flow of …

Credit Platform
What's Changing With UPI Merchant Transactions from April 1? EXPLAINED
1 year, 8 months ago

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED

News 18  

National Payments Corporation of India on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface transactions above Rs 2,000 while using PPI. “The interchange charges introduced are …

India Payments Bank Digital Account Wallet Upi Transactions
Digital currency to further bolster digital economy, make payment system more efficient: RBI
1 year, 10 months ago

Digital currency to further bolster digital economy, make payment system more efficient: RBI

India TV News  

RBI Executive Director Ajay Kumar Choudhary on Wednesday the digital currency will further bolster the digital economy, make the payment system more efficient and reduce the cost involved in physical cash management. Central Bank Digital Currency The RBI has already launched pilots of CBDC in wholesale and retail segments last year. He said the key motivation for exploring the issuance …

India Digital Digital Currency Currency Digital Economy Payment Rbi
Can You Use Digital Rupee Without A Bank Account? Know How Digital Rupee Wallet Works
2 years ago

Can You Use Digital Rupee Without A Bank Account? Know How Digital Rupee Wallet Works

News 18  

India’s central bank digital currency, or digital rupee, has seen the light of the day and is currently in its trial mode to test the robustness of the entire process of its creation, distribution and retail usage in real-time. Now, as the digital rupee is a fungible legal tender issued by the RBI, do users need bank account to use …

Currency Banks Rupee Account Wallet Bank Account Cbdc
RBI to launch Digital Rupee pilot in 4 cities today: Supported banks, and more details
2 years ago

RBI to launch Digital Rupee pilot in 4 cities today: Supported banks, and more details

India Today  

The first pilot of the Reserve Bank of India-issued digital Rupee will begin today, December 1. The central bank earlier this week announced that the digital currency will begin with four banks - State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. In a release, RBI stated, "The pilot will test …

Rbi Rupee Bank Digital Digital Rupee
India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?
2 years ago

India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?

Firstpost  

On 1 December, India will join the list of countries that have introduced a Central Bank Digital Currency. Nigeria In October this year, the Central Bank of Nigeria marked one year since the launch of Africa’s first digital currency, the e-Naira. China’s central bank will expand the trials of its digital currency, the e-CNY, to four provinces, including Guangdong, Jiangsu, …

India China Russia Launch Central Bank Bank Currency
Central Bank Digital Currency is going to be a major transformation in the way business is done: RBI Governor Shaktikanta Das
2 years, 1 month ago

Central Bank Digital Currency is going to be a major transformation in the way business is done: RBI Governor Shaktikanta Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das said Central Bank Digital Currency is going to be a major transformation in the way business is done — the way transactions are conducted and highlighted that RBI is among the very few central banks in the world which have taken this initiative. While addressing FIBAC on November 2, Governor Shaktikanta Das said, …

India Economy Inflation Bank Digital Currency Central
Das unveils three digital payment solutions at Fintech Fest
2 years, 3 months ago

Das unveils three digital payment solutions at Fintech Fest

The Hindu  

Reserve Bank of India Governor Shaktikanta Das on Tuesday unveiled RuPay Credit Card on UPI, UPI Lite, and Bharat BillPay Cross-Border Bill Payments to further boost digital payments in India. Customers of Punjab National Bank, Union Bank of India, and Indian Bank will be the first to be able to use RuPay Credit Card on UPI with BHIM app. Bharat …

India Credit Payments Digital Payments Bank Payment Bharat
RBI to adopt graded approach to introduce digital currency
2 years, 6 months ago

RBI to adopt graded approach to introduce digital currency

Firstpost  

The RBI said that it has been exploring the pros and cons of the introduction of Central Bank Digital Currency in India and the appropriate design elements of CBDCs that could be implemented with little, or no disruption are under examination New Delhi: The Reserve Bank of India on Friday said that it is proposing to adopt a graded approach …

India Monetary Policy Bank Digital Currency Currency Financial Stability Rbi
'We See Clear Advantages in a Central Bank Driven Digital Currency': Nirmala Sitharaman
2 years, 9 months ago

'We See Clear Advantages in a Central Bank Driven Digital Currency': Nirmala Sitharaman

News 18  

Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India and the government sees clear advantages in a central bank driven digital currency. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India….we would like them to design it …

India Bank Digital Digital Currency Central Sitharaman Central Bank Driven Digital Currency
Explained: RBI’s digital currency plans
2 years, 10 months ago

Explained: RBI’s digital currency plans

The Hindu  

The story so far: In the Budget presented for 2022-23, Finance Minister Nirmala Sitharaman had announced the introduction of India’s Central Bank Digital Currency and that the digital rupee would give a ‘big boost’ to digital economy. Central banks also believe that the cost of issuing digital currencies is far lower than the cost of printing and distributing physical cash. …

India Digital Currency Denmark Central Banks Central Rbi
Airtel Payments Bank receives Scheduled Bank Status from the Reserve Bank of India
2 years, 11 months ago

Airtel Payments Bank receives Scheduled Bank Status from the Reserve Bank of India

India TV News  

Highlights Airtel Payments Bank offers a complete end to end digital banking solution Airtel Payments Bank is one of the booming digital banks of India with a base of 115 million users Airtel Payments bank will be able to pitch for government-issued Requests for Proposals now Airtel has announced that it's Airtel Payments Bank has been categorised as Scheduled Bank …

India Payments Bank Digital Airtel Scheduled Bank
China central bank launches digital yuan wallet apps for Android, iOS
2 years, 11 months ago

China central bank launches digital yuan wallet apps for Android, iOS

The Hindu  

China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country's central bank steps up its push to develop its own digital currency. The "e-CNY " app, developed by the People's Bank of China's digital currency research institute, was available for download on Chinese Android and Apple app stores on Tuesday in …

China App Bank Digital Digital Yuan
Does RBI’s Digital Currency Affect The Future of Crypto in India?
3 years, 2 months ago

Does RBI’s Digital Currency Affect The Future of Crypto in India?

The Quint  

2021 has been a turning point for cryptocurrency. Amid the soaring popularity of cryptocurrency, evident through the rapidly growing user base on crypto trading platforms like CoinSwitch Kuber, and the COVID-19 pandemic pushing the usage of digital payments, the Central Banks around the world are exploring digital currencies that can be issued by them. The People’s Bank of China has …

India Crypto Digital Currency Currency Rbi Bank Digital
Digital payment solution 'e-RUPI' to launched in India: What it means and how it works
3 years, 4 months ago

Digital payment solution 'e-RUPI' to launched in India: What it means and how it works

Firstpost  

Prime Minister Narendra Modi today launched e-RUPI, a person and purpose-specific digital payment solution. As per the official statement, “it also ensures that the payment to the service provider is made only after the transaction is completed.” The digital payment solution is developed by the National Payments Corporation of India on its UPI platform, in collaboration with the Department of …

India Services Bank Digital Service Payment Pti
Canara Bank Invites Application for Chief Digital Officer, Check Steps to Apply
3 years, 6 months ago

Canara Bank Invites Application for Chief Digital Officer, Check Steps to Apply

News 18  

Canara Bank has invited applications for the recruitment of Chief Digital Officer on a contract basis for an initial period of 3 years. The application proforma is attached with the detailed Canara Bank Chief Digital Officer recruitment 2021: Vacancy details There is only one post available for Chief Digital Officer for an initial period of three years, which is extendable …

Recruitment Bank Digital Application Chief Officer 2021
Bitcoin: What you need to know
3 years, 9 months ago

Bitcoin: What you need to know

CNN  

New York CNN Business — After years of skepticism, bitcoin is finally gaining mainstream credibility. So if you’ve been ignoring bitcoin thinking it might just be a financial fad, now’s the time to start paying attention. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different traditional currencies. Elon Musk, CEO of Tesla and SpaceX, has a …

Tesla Bitcoin
PhonePe Continues to Lead UPI-Based Payments Market With Over 970mn Transactions in February 2021
3 years, 9 months ago

PhonePe Continues to Lead UPI-Based Payments Market With Over 970mn Transactions in February 2021

News 18  

PhonePe continued to lead the UPI-based digital payments market in India in February 2021, with over 970 million transactions, the company announced earlier today. The National Payments Corporation of India website shows that roughly 2,292 million UPI transactions worth Rs 4,25,062 crores took place in India last month, though the full report is yet to be shared. PhonePe’s domestic rival …

India Payments Bank Million Transactions Upi Phonepe
Airtel launches Safe Pay to combat online payment frauds
3 years, 10 months ago

Airtel launches Safe Pay to combat online payment frauds

India Today  

Airtel has launched ‘Airtel Safe Pay’, a safe mode for making digital payments, to protect Airtel customers from the growing incidents of online payment frauds. The Airtel Payments Bank account has a maximum balance limit of INR 1 lakh, which makes it a perfect secondary account for everyday transactions. If you already have an Airtel Payments Bank account linked to …

Digital Payments Payments Bank Account Customers Airtel Online Pay Safe Pay
Budget 2021: Centre lists bill to ban all cryptocurrencies in India, create official digital currency
3 years, 10 months ago

Budget 2021: Centre lists bill to ban all cryptocurrencies in India, create official digital currency

India TV News  

In this Budget 2021 session, the Centre plans to introduce a bill to ban the all cryptocurrencies in India such as Bitcoin. The government will also put in place the framework for an official digital currency to be issued by the Reserve Bank of India. The new bill has been titled as ‘The Cryptocurrency and Regulation of Official Digital Currency …

India Budget Bank Digital Currency Centre Rbi