Infibeam Avenues partners IDFC First Bank

In a separate statement, voice-focused payments solution startup ToneTag said that it will also enable acceptance of digital rupee at its merchant outlets.

While Amazon-backed ToneTag has partnered with IDFC First Bank to roll out the offering, sources told Inc42 that Infibeam Avenues has also tied up with the same bank to process such transactions.

The announcements come close on the heels of the Reserve Bank of India (RBI) launching a pilot for retail CBDC.

Infibeam Avenues, through CCAvenue, claimed to have become the first payment gateway player in the country to process retail CBDC transactions.

Speaking on the development, Infibeam Avenues MD Vishal Mehta said, “and we are now going to process CBDC transactions for online retail payments. We are ready to share our technology with more banking partners to roll-out CBDC aggressively. We have the necessary processes and compliance in place to quickly onboard and instantly activate new merchants.”