Current Affairs - Finance - Discussion

CRED introduced India's first fintech-led e-rupee wallet, enabling users to conduct Central Bank Digital Currency (CBDC) transactions. The wallet allows transactions of up to ₹10,000 per transfer and ₹50,000 daily, with the added benefit of zero-cost merchant payments. Future updates will enhance usability with features like programmable payments and PIN-less transactions for amounts under ₹500. This initiative marks a significant step in India's digital payment ecosystem, facilitating seamless and secure e-rupee transactions.