India's HDFC Bank signs up over 100,000 customers in digital rupee pilots

India's largest backstage lender HDFC Bank on Thursday said it has signed up implicit 100,000 customers and 170,000 merchants successful aviator programs utilizing the cardinal slope integer currency, oregon CBDC.

The lender besides linked the CBDC, termed e-rupee, and United Payments Interface, oregon UPI, for merchants and customers, which would alteration payments done some CBDC and UPI utilizing a azygous Quick Response code, HDFC Bank said successful a statement.

The Reserve Bank of India has devised the e-rupee arsenic a integer alternate to carnal cash, utilizing blockchain distributed-ledger technology.

The cardinal slope aims to scope a people of 1 cardinal CBDC transactions per time by the extremity of this twelvemonth from 5000 to 10,000 currently, Deputy Governor T Rabi Sankar said on Tuesday.