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#5 - India's Largest Exit

The Network State Podcast

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The Demonization of Cash and Delivery

In 2016, there was the demonization episode where a lot of cash was just turned off. The stimulus that it caused in terms of electronic payment uptake, that definitely juiced it within like two years. But today, UPI has become so ubiquitous that we were just talking to our friends who just came back from Bangalore. They had such a hard time during this trip because nobody was accepting cash.

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