Banks in India are Making $64 Billion from a Freebie

In India, audio confirmations on a digital sound box have taken the place of cash register ringing on more than 6 billion different instances in just one month.

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It seems like these worries are exaggerated. India’s payment revenue increased to $64 billion last year.

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Banks were initially hesitant to advertise the shared network for concern that it would supplant their proprietary programs.

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