IndusInd Bank and Indraprastha Gas Limited partner to enable digital rupee transactions in Delhi NCR
Banking & Finance
IndusInd Bank has joined hands with Indraprastha Gas Limited (IGL) to launch digital rupee transactions in Delhi NCR. This partnership will enable customers at selected IGL stations to make payments using the digital rupee, a Central Bank Digital Currency (CBDC) to be launched by the Reserve Bank of India in 2022. Additionally, through UPI interoperability, customers can scan any UPI QR using their Digital Rupee app at all IGL stations. The bank is focused on contributing to the widespread acceptance of the digital rupee and promoting a 'cashless' economy. Arun Khurana, Deputy CEO, IndusInd Bank, said, “This strategic partnership with IGL, one of our key customers, is an important milestone in our efforts to promote the digital rupee. This is a progressive step in our continued endeavor to simplify the banking experience for customers and participants in the banking eco-system.
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