India’s Cash Economy vs UPI: Why ATM Usage and Currency in Circulation Are Growing

In this week’s The Core Report Special Edition, Govindraj Ethiraj speaks with Rajiv Kaul, Chief Executive Officer of CMS Info Systems, about why cash continues to grow in India despite rapid digitisation, the complex logistics behind managing one of the world’s largest ATM networks, and how technology, retail cash flows, and AI-led security systems are reshaping the future of financial infrastructure.