Yes Bank Joins Reserve Bank of India's Digital Rupee Project: DetailsYes Bank, one of the largest banks in India, has announced that it has become Unified Payments Interface (UPI) compliant with the Reserve Bank of India's Digital Rupee CBDC app. With this interface, thousands of Yes Bank customers will be able to send and receive digital rupees transfers. YES Bank, a Ripple partner, now supports UPI compatibility on the RBI CBDC app. This is a domestic bank and only domestic money transfers are allowed in India, but this is interesting as this is the first time the bank has connected to CBDC, a payment network that also has a Ripplenet connection. The integration brings QR code functionality so users will be able to send domestic money transfers seamlessly and quickly between different states of India. According to an article by The Economic Times, an Indian financial media outlet, this integration will be of paramount importance for the development, testing and implementation of the Digital Rupee product: This move is intended to significantly expand the scope of the digital rupee (e₹) and underscores the bank's commitment to promoting digital innovation and providing a wide range of transaction opportunities for users across the country.