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"This is not the time to turn back on central bank digital currencies," Kirstalina Georgieva said. At the same time, the Monetary Authority of Singapore (MAS) is advising the public to “carry some cash” as a contingency for further outages.
Every month, the number of UPI transactions continue to surpass those of the previous month. According to the NPCI, for the month of May 2023, the total number of monthly UPI transactions reached a record 9.4 billion