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e-Rupee Strategy: RBI Backs Use Cases Before Wider Rollout

8 October 20251 min read
BANKING & FINANCEe-Rupee Strategy:RBI Backs UseCases BeforeWider Rollout8 October 2025safalsetu.com

Why in the news

Speaking at Global Fintech Fest 2025, RBI Deputy Governor T. Rabi Sankar said the central bank is building new uses for its CBDC (the e-rupee) rather than enlarging the user base right away.

Key facts

  • Programmable e-rupee: tied to a merchant category, place or time period, and meant for direct digital payouts of subsidies.
  • User base today: about 7 million. Mass rollout waits until other countries advance their own CBDCs, to secure cross-border interoperability.
  • RBI called cross-border payments the basic use case.

New functions announced

FeatureWhat it allows
Mobile-linked CBDC walletsPeer-to-peer payments without a bank account
Integrated access platform under NPCIReach CBDC wallets of several banks in one place
Solar credit tradingRooftop-solar users trade energy credits through the e-rupee
Multi-signatory accounts on UPIJoint accounts for households and small businesses

Exam angle

  • Unified CBDC access platform: NPCI.

Test yourself

1. At Global Fintech Fest 2025, which RBI Deputy Governor discussed prioritising CBDC use cases over mass rollout?

T. Rabi Sankar spoke about prioritising new use cases for the e-rupee.

2. Which body hosts the unified platform to access CBDC wallets across multiple banks?

The integrated CBDC access platform is under NPCI.

3. RBI called which area the 'basic use case' for CBDC?

RBI said CBDC's basic use case lies in cross-border payments.

This topic is part of Daily Current Affairs 8 October 2025 (15 topics).

All topics of the dayDay quizOctober 2025

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