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Informist, Tuesday, Oct. 7, 2025

 

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--RBI Sankar: In no hurry to move CBDC pilot to full launch 
--RBI Sankar: Subsidy payments via e-rupee have begun 
--RBI Sankar: Around 7 mln users in retail e-rupee pilot 
--RBI Sankar: Real-time fraud reporting platform to take some time to launch 
--RBI Sankar: Focus on introducing programmable use cases for e-rupee

 

MUMBAI – The Reserve Bank of India is focusing on introducing programmable use cases for its central bank digitial currency, or e-rupee, Deputy Governor T. Rabi Sankar said on the sidelines of the Global Fintech Fest here. However, the central bank is in no hurry to initiate a full launch of its central bank digital currency pilots in the wholesale and retail markets.

 

Sankar said the e-rupee has been used to help the government disburse its subsidy payments, one of the use cases. On Tuesday, he launched three features for the e-rupee, including the trading of solar energy contracts in Karnataka. This was done through the programmable function of the e-rupee through blockchain technology.

 

The deputy governor said the RBI was still waiting for the use of the central bank digital currency to be a bit more widespread. Currently, the retail e-rupee pilot launched in December 2022 had around 7 million users, he said. The biggest use case for the e-rupee was in cross-border payments, but there was no widespread trial for this as the RBI was waiting to collaborate with other countries to move forward on their own efforts in central bank digital currency development, Sankar said.

 

As for the fraud reporting and detection platform which is under development, Sankar said it would take some time to launch it due to the depth and complexity of the data required to be collected and assessed for the function to be used near-real-time. The RBI's Innovation Hub in Bengaluru has been developing an artificial-intelligence-based digital payments intelligence platform for the central bank.  End

 

Reported by Aaryan Khanna

Edited by Tanima Banerjee

 

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