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 The Reserve Bank of India (RBI) is working with lenders to introduce new feature s to popularise the central bank digital currency (CBDC), the so-called e-rupee, according to six people familiar with the matter. Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. The features include allowing digital rupee transactions when a customer is offline and linking the e-rupee to India's popular Unified Payments Interface (UPI), three of the people quoted above said. UPI is an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details. The sources declined to be identified as they are not authorised to speak to the media. The RBI did not respond to an email seeking comment. The RBI has been urging banks to make the e-rupee inter-operable with UPI through a QR code, said two of the bankers quoted above. The interoperabili...

A devastated West Australian teen who says she was swindled out of $37,000 has revealed why she may never see a cent of it again. Aurora Casilli, from Albany in the state’s Great Southern, had hoped to use the money she’d accumulated through working multiple jobs and diligent saving on a house deposit or future studies. But the 18-year-old’s plans have been thrown out the window and she’s now stuck in a battle to recoup the money after an alarming message sent last month. Watch the latest news and stream for free on 7plus >> Casilli said her life was turned upside down with a December 3 text message alerting her that someone was trying to access her NAB account. While the message was alarming in itself, Casilli said the number used did not instantly set off any alarm bells because the bank had sent her alerts previously for other legitimate matters and the latest appeared in the same thread. WA teen Aurora Casilli had hoped to use the money on a house deposit or on future studie...