E- Rupee

1
The e- rupee

• Best payment Gateway in India

2
What is the e-rupee?

• Simply put, the retail e-rupee or the Central
  Bank Digital Currency-retail (CBDC-R) is
  a digital version of cash. It is legal tender
  issued by the central bank, but in electronic
  form. The e-rupee will be issued in the same
  denominations as currently available banknotes
  and coins. Users can transact via a digital
  wallet offered by their banks. 

3
How is it different from UPI? 

• One of the motivations behind launching a digital
  currency is to reduce settlement risk in the
  system. In the case of UPI transactions, the
  transfer of money involves a settlement process,
  where you place a request with your bank and the
  funds are then deducted from your account and
  transferred to the beneficiarys account. 

4
How do we start using the e-rupee?

• For now, the trial will only cover selected
  consumers and businesses in a closed user group,
  with only certain cities and banks involved. When
  the e-rupee is rolled out, users will be able to
  download an app for example, Yes Bank
  has launched its digital rupee app from their
  banks and transact in digital rupees.      

5

• Thank you!