Abstract
“Central Bank Digital Currency” is the new buzzword in world economy in recent past. Digital currency has a potential to bring revolutionary shift in the economy and uplift the monetary infrastructure of global economy. Till December 2022, 11 countries had launched their digital currencies in pilot survey or fully functional form. Recently, India has launched Digital Rupee -Wholesale (e₹-W), on November 1, 2022, and Retail (e₹-W), on December 1, 2022. The Global digital payment market has marked exponential growth in past few years. Even in India the value of e-payment market grew from ₹1393 lakh crore in 2016 to ₹3,000 lakh crore in 2021. With increasing user-friendly interfaces like UPI, also convenient modes like internet banking, debit cards, credit cards, NEFT, RTGS etc. and cutting-edge technologies, the population is livered to digital platform for payments. And hence it can be assumed that people would respond to e-rupees as a digital currency as well.
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