Is RBI’s push for instant payments hindering CBDC adoption?

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CoinGeek 1d ago

Is RBI’s push for instant payments hindering CBDC adoption? - CoinGeek

Quick Summary:

Despite India seeing CBDC as the future of money, the digital rupee struggles to gain a foothold in the country's digital payments ecosystem as instant payments like the UPI remain dominant.

The post Is RBI’s push for instant payments hindering CBDC adoption? appeared first on CoinGeek.

While the government is pushing for a broader rollout and has even considered integrating CBDC into offline payment solutions, it still faces competition from more user-friendly, fast, and widely accepted systems.“2025 would need to come up with more aggressive awareness campaigns, wider distribution methods, and stronger incentives will be necessary to compete with UPI’s entrenched position in the market.