The Indian banks prepare for introduction of new functions of digital currency

Reserve bank India cooperates with other banks for introduction of new functions and promoting of electronic rupee – digital currencies Central bank Russian Federation (Bank Russia) (CBDC). In material information agency "Reuters" are noted that the current level of retail transactions CBDC is much lower than a target indicator of RBI in one million a day by the end of 2023. RBI and banks discuss decisions, including permission of autonomous transactions and integration with system of instant payments UPI to stimulate use of electronic rupee. UPI QR code introduction for CBDC also is considered. Some banks, including HDFC Bank Ltd, work...