Google, Amazon, PhonePe Are Game To Try Out RBI's Digital Rupee: Report
Portfolio Pulse from Nivedita Hazra
GooglePay, AmazonPay, and Walmart-backed PhonePe, along with Indian fintech firms Cred and Mobikwik, are set to join the Reserve Bank of India's digital currency pilot project. These firms, which account for over 85% of digital payments via UPI, are expected to roll out e-rupee access within the next three to four months. The inclusion of these firms is anticipated to boost e-rupee transaction volumes.
August 05, 2024 | 10:07 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AmazonPay is set to join the RBI's digital currency pilot project, which could boost e-rupee transaction volumes.
AmazonPay's participation in the RBI's digital currency pilot project is likely to increase e-rupee transaction volumes, benefiting Amazon's fintech operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GooglePay is set to join the RBI's digital currency pilot project, which could boost e-rupee transaction volumes.
GooglePay's participation in the RBI's digital currency pilot project is likely to increase e-rupee transaction volumes, benefiting Google's fintech operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GooglePay is set to join the RBI's digital currency pilot project, which could boost e-rupee transaction volumes.
GooglePay's participation in the RBI's digital currency pilot project is likely to increase e-rupee transaction volumes, benefiting Google's fintech operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Walmart-backed PhonePe is set to join the RBI's digital currency pilot project, which could boost e-rupee transaction volumes.
PhonePe's participation in the RBI's digital currency pilot project is likely to increase e-rupee transaction volumes, benefiting Walmart's fintech operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80