Reliance General to accept CBDC e-Rupee through Yes Bank

Reliance General to accept CBDC e-Rupee through Yes Bank: Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank’s eRupee platform, a statement said.

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Aim: To provide customers with an easy, safe, instant, and green payment solution

The company has partnered with Yes Bank to enable premium collection. Customers with an active e-wallet with any bank can scan Reliance General Insurance’s e-Rupee QR code to make immediate payments. With this pioneering launch, the company is presenting its customers with an easy, safe, instant and green payment solution, and taking its promise of providing excellent customer experience to the next level. eRupee is a digital token that is equivalent to a banknote i.e. legal tender, and is a sovereign currency backed by the RBI, it noted.