Railmin awards contract of installing 10,000 POS machines to SBI

NEW DELHI: Indian railways has awarded the contract of providing and installing 10,000 point of sales (POS) machines to the State Bank of India, making it one of the largest POS contracts awarded by any organisation.

"With a view to facilitate convenient booking of reserved and unreserved tickets by passengers through cashless modes of payment at the ticket booking counters, it has been decided to install 10,000 POS (Point of Sale) (Swipe) machines at the PRS (Passenger Reservation System) and UTS counters (including Suburban stations)." a statement from the railway ministry said.

Railways has more than 13,000 ticket booking counters across the country. in the long term, the national transporter plans to equip all its ticket counters with POS machines. It is also planning to accept payments through mobile wallets. for unreserved tickets it has already started accepting Paytm and Mobikwik among other e- wallets.