Survey: 76% of UPI Users May Switch to Cash or Cards Over Fees

A recent survey reveals that 76% of UPI users might abandon digital payments for cash or cards if a 0.4% fee is imposed on transactions above ₹2,000. Only 14% of respondents indicated they would continue using UPI despite the extra charge. This shift could significantly impact the future of digital transactions in India, highlighting consumer preferences for cost-effective payment methods.

⚖️ AI Verdict

"Looks like consumers are ready to swipe back to cash!"

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