New Delhi, Jan. 29 -- Fintech platform CRED implemented the eRs. wallet beta version with development assistance from the Reserve Bank of India (RBI) using sponsorship support from YES BANK as the first partner bank. By integrating the RBI's Central Bank Digital Currency (CBDC) platform CRED has achieved the first fintech implementation of the system which drives India's digital currency development.

Users gain secure access to sovereign currency combined with CRED's straightforward payment interface through the eRs. wallet system. Selected beta testers from CRED's member community have access to UPI-linked bank payments for moving funds into their CBDC wallets. The feature requires users to finish video KYC before they can create and fu...