Journalistic tone: "Apple Installs Currency Note Counting Machines in Delhi and Mumbai Stores to Enhance Customer Experience"

Quick Summary:

Apple has faced an unexpected challenge in India with cash payments, leading to the installation of currency note counting machines in Mumbai and Delhi stores.

Sales in these stores show 7-9% cash transactions, much higher than in the US or Europe.

The amount of cash circulating in India has seen a significant increase, rising from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore in March 2023, as reported by ET last month.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaIsraelMaliMyanmarPakistanThailand

Topics: Business news Apple India Digital payments Cash payments Currency counting machines UPI Apple Mercedes-Benz

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-25 @ 22:06:11 (1 months ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1090 words

Reading Time: 7 minutes read

Sentences: 33 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21084568

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 18 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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