{"id":1027895,"date":"2026-08-11T08:10:14","date_gmt":"2026-08-11T02:40:14","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1027895"},"modified":"2026-08-11T09:01:15","modified_gmt":"2026-08-11T03:31:15","slug":"india-is-scanning-more-and-withdrawing-less-as-digital-payments-take-over","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/11\/india-is-scanning-more-and-withdrawing-less-as-digital-payments-take-over\/","title":{"rendered":"India is scanning more and withdrawing less as digital payments take over"},"content":{"rendered":"<p>Mumbai: Software-led payment channels have pulled ahead of hardware-heavy payments network in India, as consumers and merchants migrate towards Unified Payments Interface quick response (UPI QR) codes and online card transactions, while automated teller machines (ATMs), micro ATMs and legacy acceptance infrastructure are stagnating or contracting. <\/p>\n<p>The volume of reported UPI QR codes increased 16.9% year-on-year to 792.6 million at the end of June. In contrast, micro ATMs declined 8.4% to less than 1.34 million, off-site ATMs fell 6.8% to 73,426 and the overall bank ATM and cash-recycler network remained virtually unchanged at about 210,000, according to the Reserve Bank of India data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Software-led payment channels have pulled ahead of hardware-heavy payments network in India, as consumers and merchants migrate towards Unified Payments Interface quick response (UPI QR) codes and online card transactions, while automated teller machines (ATMs), micro ATMs and legacy acceptance infrastructure are stagnating or contracting. The volume of reported UPI QR codes increased 16.9% year-on-year to 792.6 million at the end of June. In contrast, micro ATMs declined 8.4% to less than 1.34 million, off-site ATMs fell 6.8% to 73,426 and the overall bank ATM and cash-recycler network remained virtually unchanged at about 210,000, according to the Reserve Bank [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1027895","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1027895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1027895"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1027895\/revisions"}],"predecessor-version":[{"id":1027919,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1027895\/revisions\/1027919"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1027895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1027895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1027895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}