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Why Banks are preferring UPI for ATM cash withdrawal instead of traditional Cards No Physical Card Production: Issuing debit cards costs banks money (around Rs 150-200 per card for production, shipping, and activation). UPI eliminates this by workin See More

But do you think debit cards completely dying off would be a good thing? Banks will do whatever to increase margins.

Any business will try to squeeze out maximum profit, Banks are no different. but UPI is easier for users as well so. I guess it's win win situation for both sides assuming they don't start charging upi withdrawals.

Banks are historically greedier is what I’m saying. Upi withdrawals toh nahi but for merchants to receive, they might. That might affect/or change the game completely, as there’s no scaling back, right? Remember, most kiranas didn’t feel the need to See More