Wednesday, April 26, 2023

Reliance General to accept CBDC e-Rupee through Yes Bank

Customers who have an active e-wallet with any bank can scan Reliance General Insurance's eRupee QR code to make immediate payment, it said. With this pioneering launch, the company is presenting its customers with an easy, safe, instant and green payment solution, and taking its promise of providing excellent customer experience to the next level. eRupee is a digital token that is equivalent to a banknote i.e. legal tender, and is a sovereign currency backed by the RBI, it noted.

from Banking/Finance-Industry-Economic Times https://ift.tt/WVJiflv

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