Fintech

Everything now: How digital rupee can change payments, funds settlement

Pratik Bhakta

November 03, 2022 | 8 Min Read

By testing Central Bank Digital Currency in a select category, RBI is preparing the stage for the economy’s deeper digitisation. It’s baby steps. Eventually, though, how money moves in the entire financial system may change. That brings fintechs into play like never before

The future of money — what new forms it can take — has always been a complicated discussion in India and even globally. Look at crypto that has regulators almost everywhere split over its legal status and uses.

That said, governments and central banks realise if they don’t embrace the coming tide of tech-led disruptions in the financial world, they may be left behind. So, they have floated the idea of a state-backed virtual version of their fiat currency.

This includes the ever-guarded RBI, which has finally taken a leap of faith after weighing the option for more than a year. The first round of trials of the digital rupee, or the Central Bank Digital Currency, has begun in a select category of technical transactions this week.

Read this article for free

In addition, access 50+ archived articles and 3 new articles every month

Got a tip? If you have a lead we should be chasing at The CapTable, write to us at tips@the-captable.com

Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds

Trusted by the best

Karthik Reddy

Blume Ventures

The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.

Latest Articles

The botanical extracts sector is getting its M&A moment

After decades in the shadows, India’s botanical extracts industry is beginning to attract serious capital, forcing a shift from small, family-owned trading houses to professionally run, acquisition-led platforms.

Anuj Suvarna

Lockers to demat: How gold ETFs are changing India’s ties with the yellow metal

In 2025, gold ETFs quietly turned the country’s most emotional asset into a financial one. As AUM crossed Rs 1 lakh crore, investors chose transparency over tradition, SIPs over bank lockers, and asset allocation over impulse, reshaping how India owns gold.

Sohini Mitter

Edtech rises again, but with scaled-back ambitions

India’s edtech crash was blamed on a broken idea, but the fault lay elsewhere. As Byju’s and Unacademy collapsed under excess, a quieter group of companies survived, rebuilt with restraint, and kept alive the promise money alone could never deliver.

Nikhil Patwardhan

The Youtubers quietly building India’s next wave of e-commerce sellers

Post-pandemic, seller influencers have evolved into hybrids of educators and account managers, aggregating and managing merchants locally as they bring regional brands onto platforms such as Meesho, Flipkart, and Amazon.

Pranav Balakrishnan

VCs are racing to fund India’s first reusable rocket. Who’s winning the game?

As funding accelerates, Indian space-tech startups are betting on reusable rockets to lower costs and enable scale, but the path is challenging and the competition fierce.

Parvathi Benu

Convinced that The Captable stories and insights
will give you the edge?

Convinced that The Captable stories
and insights will give you the edge?

Subscribe Now

Stories

Explore