Governor of Central Bank of India discusses CBDC progress and international strategy

The Reserve Bank of India (RBI) is actively exploring the potential of central bank digital currency (CBDC) on an international scale, according to Governor Shaktikanta Das at the Global Fintech Fest. RBI is focusing on improving CBDC interoperability with existing retail payment systems such as Unified Payment Interface (UPI) to facilitate seamless cross-border transactions. (…)