When customers choose to pay with the digital Rupee, they will receive a QR code at the store, which they can use to complete the transaction
Image: CNBC-TV18
Reliance Retail, one of India's largest retail companies, has declared that it has begun accepting the digital form of the Indian currency, the Rupee, at one of its store locations and intends to expand this to all its operations.
According to a report by TechCrunch, Reliance Retail has announced that it has implemented support for the central bank digital currency, the digital Rupee, at its Freshpik gourmet store.
Reliance Retail plans to extend this support to all its stores, which could encourage wider adoption of the digital Rupee in India.
A senior official at Reliance Retail, V Subramaniam, stated that the decision to accept the central bank digital currency aligns with the company's goal of providing Indian consumers with a range of choices.
Subramaniam added that this move also provides customers with another payment option when shopping at Reliance Retail stores.