CBDC

    Central Bank Digital Currency (Digital Rupee)

    Fintech

    A digital form of sovereign currency issued by the RBI, piloted as the e-rupee in retail and wholesale segments. Unlike cryptocurrency, it is central-bank money.

    Why it matters

    CBDC digitises cash itself: settlement is final, no bank deposit intermediates it, and its design choices will shape payments and monetary policy for decades.

    Indian example

    Related terms

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    Payments Landscape