Indian technology / financial inclusion
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InsightfulPost · India · India's e-rupee reaches 6 million users, wholesale CBDC tested for G-sec settlements
Aggregates RBI disclosures on the e-rupee as of early 2026: 6 million retail users by March 2025, ₹1,016 crore in circulation (up from ₹234 crore in 2024), 19 participating banks. Welfare-linked pilots active in Gujarat, Puducherry and Chandigarh for food subsidies delivered via digital rupee wallets. Notes the focus has shifted from volume targets to functional testing.
“India's e-rupee reached 6 million users and ₹1,016 crore in circulation by March 2025, with welfare pilots in three states testing programmable subsidy delivery.”