Let's get digital: India edges toward 'e-rupee'

RBI plans pilot testing, but analysts say uptake could be slow

20221017 digital rupee

India's central bank says a digital currency will bring advantages such as cutting the cost of cash management for the country. (Source photo by AP) 

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- India has started rolling out plans for a digital rupee, joining a wave of countries pushing to make payments and other transactions more efficient through similar steps. But analysts and observers warn uptake could be slow in a nation that has traditionally been heavily dependent on cash.

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