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Digital payments in India more than double since 2021, cash transactions fall

Digital payments in India more than double since 2021, cash transactions fall

Oct 24, 2024, at 04:45 am

New Delhi: Cash continues to account for 60% of consumer expenditure, though its share is steadily declining due to a post-Covid shift toward digital payments, as of March 2024, according to a study by a Reserve Bank of India (RBI) economist, reported The Economic Times.