cashpayments

🇮🇳 India: challenges in transitioning to a digital economy despite the spread of cash payments

Cash payments continue to play a prominent role in India, especially in rural areas and for high-value transactions, despite the government’s efforts to promote digital payments such as UPI and the digital rupee. This comes amid growing concerns about cyber fraud related to electronic payments, highlighting the complexities in the country’s digital transformation journey.

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📊 Impact: 📊 Medium
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#India #DigitalEconomy #CashPayments #UPI #eRupee

📰 Source: economictimes.indiatimes.com