MobiKwik Becomes First Fintech To Fully Roll Out CBDC

MobiKwik has announced the launch of the full version of its e₹ wallet in collaboration with the Reserve Bank of India (RBI) and Yes Bank

This marks the introduction of India’s Central Bank Digital Currency (CBDC) into the fintech space

This comes after RBI last year in April proposed to extend the CBDC accessibility to a broader user base. The move then opened the doors for non-bank payment operators to make CBDC transactions which were only limited to the banks earlier

Fintech major MobiKwik has become the first…