MobiKwik Leads the Charge with Full-Scale Launch of e-Rupee Wallet

MobiKwik, in partnership with RBI and Yes Bank, has launched India's full-scale Central Bank Digital Currency, the e-rupee wallet. This allows users to send and receive money via UPI, supporting peer-to-peer and merchant transactions. Currently, it is available to MobiKwik's Android users.

MobiKwik has made a significant stride in the fintech sector by unveiling a comprehensive version of India's Central Bank Digital Currency (CBDC), dubbed the e-rupee, in collaboration with the Reserve Bank of India and Yes Bank.

The initiative positions MobiKwik as the pioneering digital wallet to implement a full-scale production version of the e-rupee, now accessible to Android users nationwide.

Offering a seamless transaction experience, the e-rupee wallet allows for both peer-to-peer and peer-to-merchant exchanges through UPI, enhancing digital currency's interoperability and accessibility for everyday users.

(With inputs from agencies.)