Friday, 24 March, 2023

Reliance Retail to Adopt India's Central Bank Digital Currency for In-Store Payments

<p>India&#39;s Reliance Retail, a subsidiary of Reliance Industries, will begin accepting the country&#39;s central bank digital currency (CBDC), known as the Digital Rupee, for in-store payments. The move is expected to drive the widespread adoption of the CBDC. The rollout of the Digital Rupee by the Reserve Bank of India is expected to modernize the country&#39;s financial system and provide a more secure and efficient payment infrastructure.<br /> &nbsp;</p>