[…] India has until this point been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD). But several years of a regulatory push have combined with the increasing presence of India’s Unified Payments Interface (UPI) and months of COVID-19 to markedly reduce Indian consumers’ fondness for physical currency. Coupled with a global spike in contactless payment methods, India has been seeing a massive shift away from cash. …