{"id":1027393,"date":"2026-08-08T09:20:59","date_gmt":"2026-08-08T03:50:59","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1027393"},"modified":"2026-08-08T09:55:23","modified_gmt":"2026-08-08T04:25:23","slug":"digital-rupee-struggles-programmable-cbdc-comes-to-rescue","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/08\/digital-rupee-struggles-programmable-cbdc-comes-to-rescue\/","title":{"rendered":"Digital rupee struggles; programmable CBDC comes to rescue"},"content":{"rendered":"<p>Nearly four years after the Reserve Bank of India (RBI) launched the pilot for the digital rupee, the central bank&#8217;s flagship payments initiative is yet to become a preferred mode of payment for ordinary users, with the runaway success of the Unified Payments Interface (UPI) leaving little room for another retail payments platform. <\/p>\n<p>However, bankers say the RBI may have found the digital rupee&#8217;s winning use case in programmable Central Bank Digital Currency (CBDC), which allows money to be spent only for a pre-defined purpose. Public sector banks are increasingly deploying programmable CBDC for government welfare schemes, Direct Benefit Transfers (DBTs), targeted lending and employee benefits, giving fresh momentum to what has otherwise been a slow-moving project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly four years after the Reserve Bank of India (RBI) launched the pilot for the digital rupee, the central bank&#8217;s flagship payments initiative is yet to become a preferred mode of payment for ordinary users, with the runaway success of the Unified Payments Interface (UPI) leaving little room for another retail payments platform. However, bankers say the RBI may have found the digital rupee&#8217;s winning use case in programmable Central Bank Digital Currency (CBDC), which allows money to be spent only for a pre-defined purpose. Public sector banks are increasingly deploying programmable CBDC for government welfare schemes, Direct Benefit Transfers [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-1027393","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1027393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1027393"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1027393\/revisions"}],"predecessor-version":[{"id":1027417,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1027393\/revisions\/1027417"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1027393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1027393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1027393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}