Big merchants including Reliance Retail, India's largest retail chain will start accepting the nation's digital rupee or central bank digital currency. By amitoj.
in December in four cities has"now been extended to 15 cities with Chandigarh as the newest addition," the official said."More than 50,000 customers and 10,000 small and big merchants have been onboarded now."
The RBI, the issuing authority of the digital rupee also conducted a CBDC awareness seminar with college students from the Punjab Engineering College on Jan. 25, 2023. By bringing on a technology partner in Innoviti Technologies and payment partners Kotak Mahindra Bank and ICICI Bank, Reliance Retail which is part of the Mukesh Ambani led Indian conglomerate Reliance, said it had become the first organized retail chain in India to create in-store acceptance of the digital rupee for its customers.
"This historic initiative of pioneering the digital currency acceptance at our stores is in line with the company’s strategic vision of offering the power of choice to Indian consumer," said V. Subramaniam, Director, Reliance Retail Limited.
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