Personal Finance Myth #56

Believing Digital Rupee is the same as UPI is a myth | Vrid
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Digital Rupee is the same as UPI

Believing that Digital Rupee is the same as UPI is a misconception.

UPI is a system that facilitates real-time money transfers between banks using mobile phones. Digital Rupee, on the other hand, refers to a central bank digital currency issued by the RBI. It’s a digital version of the Indian Rupee. 

While both are aimed at simplifying transactions, they serve different purposes – UPI is a payment platform, and Digital Rupee is a digital form of the national currency.

Learn more about what is the Digital Rupee and how does it works here.

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