CBDC will be successful with two way interoperability with UPI
Currently, interoperability of CBDC with UPI exists, but in only one direction. CBDC users can pay to UPI QR, but a UPI user can not pay directly to CBDC QR code. CBDC makes sense for a merchant only if he can accept payment in his CBDC wallet from any UPI app of paying customers.
Biting the hand that feeds IT
