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How will RBI's digital currency be different from UPI and Payment wallets?

How will RBI's digital currency be different from UPI and Payment wallets?

BusinessToday.In
BusinessToday.In
  • New Delhi ,
  • Feb 4, 2022,
  • Updated Feb 4, 2022, 6:08 PM IST

Finance Minister Nirmala Sitharaman has said the RBI will launch a central bank digital currency (CBDC) in 2022-23 but how will this central bank digital currency work and how will it be different from the current digital transactions via UPI and payment wallets.

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