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CosmicTaco
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Grapevine

MobiKwik Launches Full-Scale CBDC Wallet in India

  • 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

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JumpyHamster
JumpyHamster
Stealth3mo

The politicians are coming for your bank money. Trump banned cbdc. The babus will ask for more bribes now.

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MobiKwik Surges 82% in Market Debut

  • MobiKwik's shares soared 82% on its first trading day, reaching ₹507.5 ($6) per share, boosting its market value to $464 million.
  • Despite the successful debut, the valuation is still lower than the $924 million achieved in a 2021 pr...
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