The Hindu National · DistrictNews · 2026-08-15
Even as government considers MDR charge on UPI, data shows cash usage quickening in economy
An analysis by The Hindu shows that the growth in the value of UPI transactions has been consistently slowing since 2021-22, although the current rate of growth is still higher than that of cash with the public As UPI transaction growth slows, cash usage rises, signaling economic activity amid potential MDR charges on digital payments. Even as government considers MDR charge on UPI, data shows cash usage quickening in economy
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