India is scanning more and withdrawing less as digital payments take over
India's shift towards digital payments is becoming more apparent as the country's payment network is increasingly relying on software-based channels. This is evident in the growing use of UPI QR codes and online card transactions, which are seeing significant year-on-year increases. The decline of hardware-based infrastructure, such as ATMs, suggests a long-term trend towards digital payments, which could have implications for the Indian economy and its financial sector.
Read the source report: Economic Times
Related coverage
- Lok Sabha passes Bill enabling Centre to allow UPI charges, MDR on digital payments Economic Times · 2026-08-06
- Lok Sabha passes Bankers' Books Evidence Bill recognising digital bank records as legal evidence Moneycontrol · 2026-08-04
- FM Sitharaman tables Taxation and Other Laws (Amendment) Bill with digital payments proposal Economic Times · 2026-08-04
- Meta tells parliamentary panel ready to apologise for error related to PM's post, grilled on algorithmic bias Moneycontrol · 2026-08-03
- Parliamentary panel submits corporate laws amendment report focusing on IFSCA inspections, cap on buy-backs, and Trust Conversions Moneycontrol · 2026-08-03
- Breaking News Live Updates: Meta assures government of senior-level review for PM, prominent accounts; meeting likely over Facebook post row Economic Times · 2026-07-29