Reverse migration? Is cash finding its way back as currency with public surges to ₹41.8 lakh crore?
· livemint.com
At present UPI has nil charges, similar to cash transactions. However, if this changes and MDR charges are passed to customers, the public could shift towards cash. Already the margin between cash and UPI transactions is narrowing, as per a report.
Cash in public hands is increasing over the past five years, according to RBI data analysis by The Hindu. It further found that the margin between cash and UPI ...