Indian Consumers Embrace Cash Ahead of New Instant Payment Fees

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.