India’s Central Bank Crystalizes CBDC Vision in Concept Note

The RBI’s motivations in creating a CBDC range from reducing operational costs involved in physical cash management, fostering financial inclusion, bringing resilience, efficiency, and innovation in the payments system, to boosting innovation in cross-border payments space, to providing the public with uses that any private virtual currencies can provide, without the associated risks, to offer availability and resilience benefits when electrical power or mobile network is not available in remote locations.