Digital currency pilot gains pace; SBI, HDFC Bank step up campaigns
The Central Bank Digital Currency (CBDC) pilot in India is gaining traction as banks accelerate their efforts to onboard customers, with the pilot now in its second phase. After covering major cities like Mumbai, New Delhi, Bengaluru, Bhubaneshwar, and Chandigarh, banks are extending their reach to select customers in cities like Hyderabad, Indore, Kochi, Lucknow, Patna, Shimla, Goa, Guwahati, and Tier-II locations such as Varanasi. This expansion aims to attract more users to enrol in the pilot.
ICICI Bank and Axis Bank are also actively participating in the pilot. While ICICI Bank is reaching out to select customers through emails and text messages, Axis Bank invites interested customers to notify them on their portal for future connection.
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