July 11, 2023 8:23 PM

We expect to reach a million Central Bank Digital Currency transactions per day by end of year: RBI's Deputy Governor T. Rabi Shankar

RBI's Deputy Governor T. Rabi Shankar said that by the end of Month, Central Bank Digital Currency (CBDC) will be interoperable with the UPI QR code. It means participants of CBDC's pilot project will be able to transfer CBDC to another user's CBDC account if he has one, else the CBDC will be transferred to his UPI-linked Bank account. He was addressing a conference on CBDC organized by Indian Bank Association in Mumbai today. Mr. Rabi Shankar said, currently 13 lakh retail cu...