India's CBDC "e-Rupee" To Launch In These Cities Next?

The Reserve Bank of India (RBI) has recently announced the expansion of the Central Bank Digital Currency (CBDC) pilot program–more often referred to as the e-Rupee–to nine new cities. Five additional banks will also participate in the program, bringing the total number of banks involved to eight. The central bank began testing the e-rupee on retail clients in December of 2022.