Digital Transformation of Money in India

Central Bank Digital Currency in India by Hashtag Web3

India’s financial ecosystem has evolved dramatically, transitioning from a largely cash-driven economy to one where digital payments dominate. The journey, marked by innovation and government-led initiatives, has introduced platforms like the Unified Payments Interface (UPI), which transformed how millions of Indians conduct their daily transactions. However, with the Central Bank Digital Currency (CBDC) now on the horizon, this evolution is taking a new turn, promising to change not only how money moves but also how it interacts with the global economy.