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Indian Consumers Embrace Cash Ahead of New Instant Payment Fees

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Indian consumers are reportedly increasing their cash usage ahead of new fees on the country’s popular digital payment system. Beginning next month, the United Payments Interface (UPI) system will apply a small fee on all transactions greater than 2,000 rupees, or around $21. But as the Financial Times (FT) reported Sunday (Oct. 18), that change […]

The post Indian Consumers Embrace Cash Ahead of New Instant Payment Fees appeared first on PYMNTS.com .

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