India's Digital Payments Boom Fails to Dent Demand for Cash
Despite India's significant growth in digital payments adoption, cash demand has remained resilient and shows no signs of declining. Reserve Bank of India Deputy Governor Shirish Chandra Murmu highlighted that this unexpected trend is complicating currency supply planning and forecasting efforts for the central bank.
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India’s Digital Payments Boom Fails to Dent Demand for Cash
Despite India's significant growth in digital payments adoption, cash demand has remained resilient and shows no signs of declining. Reserve Bank of India Deputy Governor Shirish Chandra Murmu highlighted that this unexpected trend is complicating currency supply planning and forecasting efforts for the central bank.
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