India Expands Digital Rupee Pilot with New Features and Increased Adoption

The Reserve Bank of India (RBI) is set to expand its digital rupee (CBDC) pilot program in the 2024-25 fiscal year, adding new capabilities like programmability and offline payments for both retail and wholesale versions. These advancements aim to improve the digital rupee’s accessibility in areas with limited network connectivity and tailor payment solutions for specific scenarios such as government subsidies and corporate spending controls.