The Cash Paradox in the Digital Age | Global News

India’s digital payments are skyrocketing—with over a billion UPI transactions daily—but paradoxically, cash circulation is surging too. The Reserve Bank is printing billions in new notes as people and businesses hoard cash for emergencies, safety, or cash-heavy sectors like real estate. This “cash paradox” isn’t unique to India; economists worldwide see the same trend since 2008, as cash evolves from mere payment into a hedge against uncertainty. Digital tools replace only transactional functions, not value storage. Even with tech advances, fears of system failures—blackouts, cyberattacks—keep people clutching physical cash. Cash isn’t fading; it’s becoming a backup insurance policy in an increasingly digital world.

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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.bbc.com/news/articles/c23x0zr50rdo

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