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Economics1h 52m ago
The Centre and the Reserve Bank of India (RBI) are planning to expand the digital rupee pilots to include farmer payments and pensions.
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India
Who
Centre, RBI
What
The Centre and the Reserve Bank of India (RBI) are planning to expand the digital rupee pilots to include farmer payments and pensions.
When
Fri, 17 Jul 2026 09:13:28 GMT · 1h 52m ago
Where
India ·
Why
To test whether Central Bank Digital Currency (CBDC) can make welfare payments more efficient by enabling settlement in central bank money and reducing dependence on intermediaries.
The Frontline Impact
How this affects you
The expansion of the digital rupee pilot aims to improve the efficiency of welfare payment systems in India. This initiative seeks to streamline transactions by utilizing central bank money and minimizing the involvement of multiple intermediaries in digital payment processes.
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