India’s retail giant Reliance to accept CBDC at stores

India’s retail giant Reliance to accept CBDC at stores

a year ago
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https://techcrunch.com/2023/02/02/india-retail-reliance-cbdc-digital-rupee-stores/

Reliance Retail, India’s largest retail chain, will start accepting retail payments in digital rupee in a move that could supercharge the adoption of the country’s recently launched CBDC.

The Mukesh Ambani-led firm said it has partnered with ICICI Bank, Kotak Mahindra Bank and Innoviti Technologies to launch the in-store support for digital rupee. Customers who wish to pay through the country’s CBDC (Central Bank Digital Currency), called e₹-R, will be provided with a dynamic digital rupee acceptance QR code for scanning at the store, the retail giant said Thursday.