SBI starts UPI service on Central Bank Digital Currency (CBDC)
State Bank of India (SBI) has launched Unified Payments Interface (UPI) interoperability on Central Bank Digital Currency (CBDC). Before SBI, Yes Bank, HDFC Bank and Axis Bank have also started UPI interoperability on CBDC under the name Mobile Digital Rupee. SBI customers can now use the funds in their CBDC wallet to make digital rupee…