CMS publishes their CMS cash index report each year.
- Cash is still king and growing.
- Cash withdrawal through UPI is also coming up across ATMs.
- Fun fact, cash withdrawal was highest in Karnataka in 2023, which is so highly unlikely given Bangalore being its capital.
- My native is a town, although there are QR available in shops, but I can see people still don’t use it as such. People still rely mostly on cash. I have done this scuttlebutt in many such shops in my town.
- I am quite convinced, cash isn’t going anywhere , atleast next 5 years we are good.
Disc: Totally biased, no recommendations, holding in my top 10.
Subscribe To Our Free Newsletter |