India cenbank, banks plan new features to boost digital currency transactions

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India cenbank, banks plan new features to boost digital currency transactions
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MUMBAI, Sept 11 - The Reserve Bank of India is working with lenders to introduce new features to popularise the central bank digital currency , the so-called e-rupee, according to six people familiar with the matter.

UPI is an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details. "Interoperability of UPI QR Code with digital rupee will remove friction ... but this will not drive adoption unless CBDC payments are incentivised," said Sharat Chandra, co-founder of India Blockchain Forum, an industry collective.

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