MobiKwik Launches Full-Scale CBDC Wallet in India

CosmicTaco · 2025-01-29T11:36:53.031419+05:30

- MobiKwik launched its e₹ wallet, partnering with RBI and Yes Bank, marking a significant fintech milestone. - India's CBDC is now accessible beyond banks, allowing P2P and P2M transactions via UPI, with a transaction limit of INR 50,000. - This expansion follows RBI's proposal to widen CBDC access, integrating non-bank payment operators. Source: [Inc42](https://inc42.com/buzz/mobikwik-becomes-first-fintech-to-fully-roll-out-cbdc/)

MobiKwik launched its e₹ wallet, partnering with RBI and Yes Bank, marking a significant fintech milestone.
India's CBDC is now accessible beyond banks, allowing P2P and P2M transactions via UPI, with a transaction limit of INR 50,000.
This expansion follows RBI's proposal to widen CBDC access, integrating non-bank payment operators.

Source: Inc42