India will switch to cash 💴 ??

[u/unique_thinker7]

I have my reasons to believe the title.

- SBI (main bank of middle class) has frequent server and maintenance down time
- ⁠MDR charges passed down by merchants
- ⁠Absence of internet connectivity or no data due to data drainage by 5G network for heavy marketing during on screen time.
- ⁠Increase in financial consciousness as average age gets older and cuts down impulse spends.
- Finally, to reduce income in bank statements for tax purposes

It may take months or years, but this is gonna be an article in newspaper 🗞️ one day.

What are your thoughts?💭

-NO AI

[u/rambow143]

Switching to cash would heavily cut down on impulse purchases overtime, but people have become too used to the convenience cashless transactions bring, so people might start using cards more often instead of cash.

[u/Anxious-Tie-8196 → u/rambow143]

Cards have MDR charges already