Mint Quick Edit | The UPI platform must pay for itself, sure, but let’s also promote India’s digital rupee
This is also the right time to popularize the central bank’s digital currency, the e-rupee, as an alternative. Although UPI is convenient, it involves banks. E-rupee wallets run by the central bank could let it work like cash, free of intermediary risk, since it has the same financial status as an ‘IOU’ issued directly by the monetary authority.
