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Cash Deposit Via UPI Is Now Allowed In ATMs: Debit Card No Longer Needed? - Trak in - Indian Business of Tech, Mobile & Startups

Cash Deposit Via UPI Is Now Allowed In ATMs: Debit Card No Longer Needed? - Trak in - Indian Business of Tech, Mobile & Startups
trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.

Will UPI cash deposit facility render debit cards irrelevant?

RBI s decision to allow UPI for cash deposits at ATMs may render debit cards irrelevant as mobile payments surge. Debit card usage has stagnated, while mobile payments have more than doubled in the last three years, according to RBI data.

UPI cash deposit feature at ATMs: Convenient, but here are 7 things you should be aware of

While this innovation by the RBI intends to bring convenience and effectiveness, UPI cash deposit feature also raises some concerns and possible drawbacks that you must be aware of.

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