India's Digital Payments Boom Fails to Curb Cash Demand

Despite the rapid adoption of digital payments in India, the demand for physical cash remains strong, complicating currency forecasting for the Reserve Bank of India.

18 Aug, 12:11 — 18 Aug, 12:11

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bloombergHigh15d ago

India’s Digital Payments Boom Fails to Dent Demand for Cash

India’s rapid adoption of digital payments has failed to curb demand for cash, making it harder to predict how much currency will be needed, Reserve Bank of India Deputy Governor Shirish Chandra Murmu said.

By Anup Roy

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India's Digital Payments Boom Fails to Curb Cash Demand

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India’s Digital Payments Boom Fails to Dent Demand for Cash

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