Google, Amazon, Walmart seeks to join RBI’S digital currency project

GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank’s digital currency pilot by offering transactions via the e-rupee, three sources directly involved in the discussions said.

Indian fintech firms Cred and Mobikwik are the other two that have applied to join the pilot, the sources added.

The Reserve Bank of India started a pilot for the e-rupee, a digital alternative to the physical currency, in December 2022.