Mumbai, Feb. 25 -- Nine months after the Reserve Bank of India (RBI) announced allowing non-bank payments players into central bank digital currency (CBDC) pilots, two private fintech firms, CRED and MobiKwik, have opened e-rupee wallets for their users in partnership with Yes Bank.
The RBI had then said that the move is expected to enhance access and expand choices available to users apart from testing the resiliency of the CBDC platform to handle multi-channel transactions. But will the entry of these fintechs help increase awareness about how to deploy e-rupee and promote usage of CBDC wallets?
After the central bank enabled CBDC issuance for third-party application providers (TPAPs), platforms such as CRED and MobiKwik, in collaborati...