Banking: Despite UPI, cash dominates transactions in rural and semi-urban India
Samira Vishwas | August 18, 2026 11:24 PM CST
Virendra Pandit New Delhi: Although Unified Payments Interface (UPI) has seen phenomenal success in India, and even adopted by multiple countries, cash continues to dominate monetary transactions, particularly in rural and semi-urban areas. Despite the rapid growth of digital payments, cash continues to play a critical role in India's economy, especially in rural and (…)
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