Central Bank Digital Currencies - The new age money

Revolutionising financial systems for enhanced system efficiency, financial inclusion, and payments innovation.

CBDC is a transformative innovation in the financial sector, offering a digital form of central bank money. The concept emerged from the need to modernise the financial system, enhance payment efficiencies, and promote financial inclusion. Unlike cryptocurrencies, CBDCs are issued and regulated by central banks, ensuring stability and trust. The evolution of CBDCs can be traced back to the increasing digitisation of economies and the rise of fintech innovations, which highlighted the limitations of traditional banking systems and the need for a more resilient and inclusive financial infrastructure.

PwC has assisted several clients with their requirements related to CBDC. Some of these include conducting market analysis for gaining better insights in the Indian payments market and delivering a market entry strategy along with applicable use cases and business development plans to the client.

PwC engages with industry players to assist in knowledge-sharing sessions and boosting awareness about CBDC in the market.

PwC’s team

served over 120 distinct clients across the globe

completed around 190 engagements successfully

focuses on domestic and international government institutions, banks, and financial institutions

Key features

  • Improved financial inclusion
  • Innovation in financial services
  • Co-existence with existing payment rails
  • Reduced operational costs

Benefits of working with PwC

PwC understands the dynamics of your environment and your stakeholders and can mobilise rapidly. We believe we have a role to play in developing the CBDC ecosystem. Our goal is to service your needs to allow you to focus on your business.

PwC’s clients stand to benefit from the following services in payments advisory and emerging technology domains:

  • Strategy and payments
  • Technology advisory
  • Business plan and roadmap
  • Governance and controls
  • Regulatory services
  • Cyber security
  • Upskilling and training

Meet the team

Mihir Gandhi

Mihir Gandhi

Mihir is a partner leading the payments transformation practice at PwC India. He has over 20 years of experience in advising clients on areas including strategy development, market assessment, etc.

Zubin Tafti

Zubin Tafti

Zubin is an executive director in PwC's payments transformation practice within the Financial Services Advisory. He drives consulting for global and domestic non-banking clients in the payments sector. 

Rajesh Dhuddu

Rajesh Dhuddu

Rajesh is a thought leader in Web 3.0 and emerging tech at PwC India. He advises global CXOs, simplifying complex technologies for business needs.

Pramod Mishra

Pramod Mishra

Pramod is a director in PwC India business transformation SBU. He leads the PwC India Blockchain lab and has been driving global blockchain adoption since 2017.

Pushkar Pradhan

Pushkar Pradhan

Pushkar is an associate director with PwC's advisory emerging technology practice focusing on Web 3 and blockchain with a total experience of 20 years. He has prior experience in retail banking, blockchain business development, business consulting and core banking implementation.  

Karan Mahajan

Karan Mahajan

Karan is a manager with the PwC advisory payments practice with a focus on CBDC. He has over 10 years of overall experience working in the banking and payments space across multiple geographies.

Arjun Ananth

Arjun Ananth

Arjun is a manager in the PwC advisory emerging technology practice focusing on Web 3 and blockchain. He has over 11 years of overall experience and has worked in the blockchain and Web 3 space since 2020.

Kanishk Sarkar

Kanishk Sarkar

Kanishk is an Associate Director with the PwC advisory payments practice, with a focus on CBDC. He has over 15 years of overall experience working in the banking and payments space across multiple geographics. 

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Contact us

Mihir Gandhi

Partner, Payments Transformation, PwC India

Email

Rajesh Dhuddu

Partner, Emerging Technology, PwC India

Email

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