Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly

Wholesale segment averages Rs 325 crore per day in November

Transactions gained momentum in the pilots for the central bank digital currency (CBDC), with the wholesale segment (CBDC-W) averaging Rs 325 crore worth of deals per day in November, while in the retail segment (CBDC-R), the Reserve Bank of India (RBI) created Rs 3-crore digital currencies in the first two days of the pilot.
 

The wholesale pilot for the CBDC was started on October 1 with eight banks, and the retail pilot on November 1 with four banks, along with merchants and customers in four cities in a closed-user group.
 

“In terms of bilateral security transactions, the CBDC-W-based settlement has