Cash still rules as average withdrawals from ATMs reach a record high of Rs. 5,000

With an increasingly large number of goods and services moving onto digital platforms, cash still rules as the king of payments in India and average withdrawals from ATMs have reached a record high of Rs. 5,000. Despite UPI payments touching 2 billion Rupees, cash withdrawals have increased 10% compared to 2019, November.

https://timesofindia.indiatimes.com/business/india-business/cash-still-king-average-withdrawal-from-atm-hits-record-high-of-rs-5000/articleshow/79311957.cms

With an increasingly large number of goods and services moving onto digital platforms, cash still rules as the king of payments in India and average withdrawals from ATMs have reached a record high of Rs. 5,000.

Despite UPI payments touching 2 billion Rupees, cash withdrawals have increased 10% compared to 2019, November.