India’s Botched War on Cash
Harvard Business
DECEMBER 14, 2016
Moreover, in India, the total value of ATM transactions increased more than five times between 2007 and 2012, from about 3 trillion to about 18 trillion rupees, while the value of card transactions barely doubled in the same period from 1 to 2 trillion rupees. Unfortunately, it is also the poor that bear the greatest burden.
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