RBI plans to make CBDC QR code interoperable with UPI | Mint Primer | Mint

A Cbdc Is A Digital Form Of A Country’s Fiat Currency Issued By Its Central Bank. It May Be Fresh Currency, Or It May Replace Existing Money In The System. Cbdc May Be Used For Peer-To-Peer Payments Or For Transactions Between Consumers And Merchants. It Can Also Enable Transactions Between Commercial Banks And Clearing Houses (Wholesale Cbdc) In The Wholesale Interbank Market, Possibly Streamlining Domestic Or Cross-Border Interbank Payments.