Bank of Baroda clippings file • NFCW

India pilots digital rupee for contactless in-store and P2P payments

By Tom Phillips • 30 November 2022 • Updated 30 November 2022

The Reserve Bank of India (RBI) is this week launching a pilot scheme in four Indian cities to test the retail version of its prototype central bank digital currency (CBDC) for both in-store and peer-to-peer transactions, the central bank says... More

India to begin digital rupee payments pilot ‘within a month’

By Tom Phillips • 1 November 2022 • Updated 1 November 2022

The Reserve Bank of India (RBI) has begun testing a prototype wholesale central bank digital currency (CBDC) and will launch a pilot programme for a retail digital rupee with merchants and consumers in select locations “within a month”, the central bank says... More

What's New in Payments

NPCI, Mastercard and Visa unveil standardised QR code mobile payments for India

By Rian Boden • 21 February 2017 • Updated 10 July 2019

Indian consumers can now make QR code-based mobile payments using BharatQR, a “low cost, interoperable mobile acceptance solution” backed by the Indian government and developed by Mastercard, Visa and National Payments Corporation of India (NPCI)... More

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Three news stories.

India pilots digital rupee for contactless in-store and P2P payments

India to begin digital rupee payments pilot ‘within a month’

NPCI, Mastercard and Visa unveil standardised QR code mobile payments for India