News From Press Digital Rupee vs UPI: 7 key differences between RBI's e-rupee and UPI explained

Digital Rupee vs UPI: 7 key differences between RBI's e-rupee and UPI explained

Source: Mint Dec 16, 2022

Digital Rupee vs UPI: The Reserve Bank of India (RBI) has recently launched digital rupee retail pilot for a closed user group. Through the use of the token-based digital rupee, citizens will be able to make or receive payments in currency in completely digital mode through a mobile app. However, Unified Payments Interface (UPI) is already being used for digital transactions.

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