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PoS machines News
Card transactions soar 84% in to Rs 74,090 crore: Study
Sun, Nov 19, 2017
The transaction volume at all points of sale (POSes) clipped higher by 86% to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data.
UPI payment option to be available in PoS machines soon
Fri, Mar 31, 2017
UPI payment option to be available in PoS machines soon. Watch the full segment for more details.
HDFC Bank wants reasonable MDR charges on credit & debit card transactions
Tue, Jan 24, 2017
HDFC Bank on Tuesday pitched for reasonable merchant discount rate charges on credit and debit card transactions.
India to be a key target for cyber criminals post demonetisation
Thu, Jan 19, 2017
Security has mobile wallets and point-of-sales (POS) devices has been coming under serious attacks post demonetisation.
Post demonetisation organised retail sector likely to post low single digit growth in Q3 FY17: India Ratings
Fri, Jan 13, 2017
Post demonetisation organised retail sector is expected to post low single digit growth with varying impact across different sub-sectors in the October-December quarter of fiscal year 2016-17 (FY17), said India Ratings and Research (Ind-Ra) in its latest report on Friday.
Demonetisation: RBI's rules and roll-backs since November 8
Thu, Dec 22, 2016
Prime Minister Narendra Modi shocked the country on Nov. 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86% of the cash in circulation. The move was aimed at cracking down on the shadow economy, but has brought India`s cash economy to a virtual standstill.
Availability of PoS machines to improve in coming days: Ram Vilas Paswan
Sat, Dec 17, 2016
The availability of point-of-sale (PoS) machines for cash transaction will improve in the coming days, Food Minister Ram Vilas Paswan said on Saturday.
Five hurdles to PM Modi's push for cashless economy
Sat, Dec 03, 2016
On November 27, during an election rally in Uttar Pradesh, Prime Minister Narendra Modi urged all Indians get familiar and make others familiar with cashless transactions.
Digital banking may eat into ATM business
Sat, Dec 03, 2016
With the government nudging people towards digital banking modes -- payments through mobile phones, Point-of-Sale (PoS) machines and others -- ATM players may find their business in a flux in the coming years.
Demonetisation: Bank withdrawals stand at 20% of total deposits
Tue, Nov 29, 2016
On the evening of November 8, Prime Minister Narendra Modi in a televised address said that nearly 86% of Rs 16 lakh crore that oiled the Indian economy by way of Rs 500 and Rs 1000 notes were illegal tender from midnight.
Ensure 100% cashless dealings within 15 days deadline: Ram Vilas Paswan
Sat, Nov 26, 2016
To promote cashless work culture, Food Minister Ram Vilas Paswan on Friday gave 15 days deadline to his ministry officials to put in place a mechanism and ensure there is 100% cashless dealings at all levels.
Demonetisation: MobiKwik launches virtual card system for payments to retailers
Thu, Nov 24, 2016
The card system is similar to credit and debit cards and will work on all online platforms and POS machines.