CRED e₹ Wallet Beta Goes Live: Kunal Shah Announces RBI Backed Wallet; Check Details
CRED founder Kunal Shah launched RBI-backed CRED e₹ wallet beta and highlighted CBDC's role in transforming India's monetary management.
CRED founder Kunal Shah announced the launch of the CRED e₹ wallet beta on January 28, 2025. He described it as more than just another fintech feature, and highlighted the significance of Central Bank Digital Currency (CDBC) as a fundamental shift in how India manages money. He added that it enables instant, programmable, and secure money movement, backed by the Reserve Bank of India (RBI). As per reports, the wallet are limited to INR 10,000 per transfer and with a daily limit of INR 50,000. Additionally, the wallet can store up to INR 1 lakh. To use the wallet, members are required to complete a video KYC process to load their wallet using UPI.
CRED e₹ Wallet Beta Goes Live
CRED e₹ wallet beta is live. Not just another fintech play; CBDC is a fundamental shift in how India moves money: instant, programmable, RBI backed. Starting with select members soon on this exciting journey.
Grateful to @RBI for the vision and continuing their streak of being…
— Kunal Shah (@kunalb11) January 28, 2025
(The above story first appeared on LatestLY on Jan 28, 2025 06:10 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
