New Delhi, June 19 -- A lengthy lockdown and the fear of infections from mass-use ATMs prompted many Indians to turn to Aadhaar-enabled Payment System (AePS) and point of sale (PoS) terminals to withdraw cash, central bank data showed.
Cash withdrawals from ATMs in April fell 47% from March to 286 million, data from the Reserve Bank of India (RBI) showed. In the same period, cash withdrawals from Aadhaar- enabled Payment System (AePS) terminals more than doubled to 87 million.
Cash withdrawal volumes at point of sale (PoS) terminals grew 21% between March and April to 4 million, with customers restricting themselves to a more controlled environment and with several housing societies arranging for cash withdrawals at their doorsteps.
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