square_trans_text_white
  • Home
  • News
  • Learn
    • Crypto In-Depth
    • Web3Glossary
  • Events
  • Featured Projects
  • Contact Us
  • Home
  • News
  • Learn
    • Crypto In-Depth
    • Web3Glossary
  • Events
  • Featured Projects
  • Contact Us

HDFC becomes first Indian bank to integrate CBDC and UPI

Nishit Jogi by Nishit Jogi
July 13, 2023
in News
Reading Time: 1 min read
0

Home » News » HDFC becomes first Indian bank to integrate CBDC and UPI

Share on TelegramShare on Twitter

The CBDC has been connected with the United Payments Interface (UPI), an immediate digital platform, by Indian private lender HDFC Bank.

According to media reports, it is the first Indian bank to provide this level of interoperability.

RelatedPosts

Crypto.com to become PayPal stablecoin’s preferred exchange

Central Banks successfully test wCBDC cross border exchange

U.S. Government says SBF’s plea for release should be denied

India based Giottus becomes ARIFAC member

The action comes just days after RBI deputy governor T Rabi Sankar stated that such interoperability would be adopted in July.

Over 100,000 clients and 170,000 merchants have been successfully enrolled in pilot programmes utilising the central bank digital currency (CBDC) by HDFC Bank.

The e-rupee programme is said to be looking into the possible benefits of a digital substitute to real cash.

Through a single Quick Response code, businesses and customers would be able to make payments in e-rupee and UPI.

Under RBI oversight, the country intends to use blockchain distributed-ledger technology.

Read more

Tags: cbdcIndia
Previous Post

G20 leaders to discuss global crypto framework, official says

Next Post

Monochrome revises spot Bitcoin etf filing for Australian stock exchange

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Upcoming Events

ETHIndia

08-12-2023
Bangalore, India
Meetup or Networking Event

ULTRA TAIWAN

08-12-2023
Da Jia Riverside Park, Taipei
Meetup or Networking Event

Blockchain TechFest 2023

09-12-2023
Kadabeesanahalli, Bengaluru
Meetup or Networking Event
Founder House @ETHIndia 2023
Events

Founder House @ETHIndia 2023

December 1, 2023
India Blockchain Week 2023
Events

India Blockchain Week 2023

November 30, 2023
ETHGlobal Istanbul 2023
Events

ETHGlobal Istanbul 2023

November 28, 2023
FILBangalore 2023
Events

FILBangalore 2023

November 26, 2023
BUIDL For Web3 Summit 2023: Pioneering a Decentralized Internet Revolution
Events

BUIDL For Web3 Summit 2023: Pioneering a Decentralized Internet Revolution

November 20, 2023
Web3 Creator Economy
Crypto In-Depth

Web3 Creator Economy

November 17, 2023
  • © 2022 Web3 News, Projects & Events!

Quick Links

  • Home
  • Crypto In-Depth
  • News
  • Events Finder
  • Featured Projects

About us

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

Follow Us On

Linkedin Twitter Telegram Instagram
  • Copyright © 2022 forwebthree | All Rights Reserved.