Fintech firm Cred joins Indian central bank's digital currency project

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MUMBAI : Tiger Global and Peak XV backed Indian firm Cred has become the first fintech platform to roll out access to India's central bank digital currency, the company said on Tuesday.

"Our goal is to make e-rupee transactions frictionless and drive its adoption among the most creditworthy Indians,” Kunal Shah, the founder of Cred, said.

While e-rupee transactions had surged initially, they have since declined, reflecting the struggle central banks face globally in popularizing digital currencies.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndia

Topics: Currency India Central Cred Fintech Bank E-rupee 2024 Company Access Digital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 16:05:22 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 269 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25568370

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