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India Raises Fees on Digital Payments, Cash Makes a Comeback

The Financial Times reports that India has raised fees on digital payments. It says cash is making a comeback as the fees rise.

Context

Context: Many Indians pay through UPI and other digital apps, which have grown quickly as the country pushed online payments. Higher fees on these transactions can push some shops and customers back toward cash.

Financial Times
Burning Potato score: 31%

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