{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Daybreak","title":"Without a UPI, Africa pays a toll on cash. Airtel Money collects it","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/528b3ed1\"></iframe>","width":"100%","height":180,"duration":687,"description":"Airtel Money is now trading in London, valued at about $7 billion. The African mobile-money company made $373 million in profit last financial year. It is based on a simple model. Depositing cash is free. Customers pay mainly when they take money out as cash, and sometimes when they send it.\nIn markets where most adults have no bank account, those fees add up.  Bharti Airtel's Indian business, Airtel Payments Bank, takes a roughly similar cut. But it only made $12 million. Most of this difference comes down to UPI, which moves money in India for free.\nNow Airtel Money's own markets are building their versions of UPI. What happens to its toll on cash?\nAlso listen to: Why your Diwali shopping is more important than implementing MDR on UPI \nDaybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.","thumbnail_url":"https://img.transistorcdn.com/uPitovxKRYBGX6AWg9UrET6s3nAdkS-Ci9uZvsZj7vk/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85ODhl/ZWM4NmEwZTcxZjZk/MDRlYjAzNTNkMjJi/ZGQ2YS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}