Google, Amazon, PhonePe Are Game To Try Out RBI's Digital Rupee: Report

Quick Summary:

This story was first published on the Benzinga India portal.Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) GooglePay, AmazonPay (NASDAQ:AMZN) and Walmart-backed (NYSE:WMT) PhonePe, along with Indian fintech firms Cred and Mobikwik, have expressed interest in joining the Reserve Bank of Indias (RBI) digital currency pilot project.

What Happened: The five payment firms are planning to offer transactions via the e-rupee, the digital alternative to physical currency launched by the RBI in December 2022, Reuters reported.

Initially, only banks were permitted to offer e-rupee transactions, but the central bank expanded this to include payment firms in April.The ...

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Nivedita Hazra

Category: Technology

Markets: United StatesIndiaJapan

Topics: US0231351067 US38259P5089 Economics GOOG US38259P7069 AmazonPay News Global US9311421039 AMZN Tech Benzinga WMT GOOGL GooglePay PhonePe

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 10:07:33 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21930288

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 16 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions