Topic
cash
Finance Rupee banknotes outnumber dollar and euro in circulation, RBI deputy governor says
RBI Deputy Governor Shirish Chandra Murmu said 176 billion rupee banknotes are in circulation, three times the volume of US dollar bills and nearly six times euro notes. The scale reflects India's denomination mix and a 'cash paradox' of double-digit currency growth amid rising digital payments.
E-Commerce & Marketplaces Mobile payments rise in UK as cash decline slows, UK Finance data shows
Two-thirds of UK adults were registered with a mobile payment service last year, according to UK Finance. Debit cards accounted for 54% of payments, while cash use fell to 8% and is forecast to halve by 2035. The decline in cash is slowing, with millions still relying on notes and coins.
Commodities Polymer Notes: India's Potential Shift in Currency Material
The Reserve Bank of India is exploring the introduction of polymer currency notes to improve durability and security. This move could significantly reduce printing costs and counterfeiting risks.