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POS Terminals News
Govt's digital payments push making banks suffer a loss of Rs 3,800 crore: SBI
Thu, Sep 28, 2017
The number of point of sale (PoS) terminals post demonetisation increased from 13.8 lakh in March, 2016 to 28.4 lakh in July, 2017.
India's less-cash dream is still a decade away?
Tue, Feb 21, 2017
Suvodeep Rakshit, Upasna Bhardwaj and Madhavi Arora analysts at Kotak Institutional Equities said, “After the initial surge in the volume of electronic payments in November-December, the trend seems to be normalising in January and February.”
Digital Push: SBI says no MDR charges for small merchants with turnover of Rs 20 lakh
Mon, Jan 09, 2017
SBI said, "With a view to help the Small Merchants overcome the apprehensions towards joining this journey by installation of PoS terminals in their shops, State Bank of India has decided to waive completely, the MDR charges on debit card transactions for all small merchants having annual turnover of up to Rs 20 lakh, for a period of one year i.e. up to 31-12-2017."
RuPay card usage jumps nearly 119% in first week of demonetisation
Sat, Dec 03, 2016
RuPay card usage jumped by over 118.6% in the week following demonetisation that took effect from November 8 mid-night while the overall debit and credit card transactions recorded an increase of 70.5%.