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POS INFRASTRUCTURE
Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...21 May, 2026, 07.46 AM IST- Credit card transactions jump 2.6 times in four years: RBI reportCredit card transactions in India saw a significant jump between 2021 and 2025. Private banks expanded their dominance in this segment. Deb...18 May, 2026, 11.03 PM IST
- One soundbox soon for all payment apps as NPCI readies platformNPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multipl...18 May, 2026, 06.00 AM IST
- Razorpay eyes omnichannel focus for offline push: sourcesOnline payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the vertical. Following its Ezetap acqu...08 May, 2026, 01.57 PM IST
- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...08 May, 2026, 07.45 AM IST
- RBI extends PIDF scheme by 2-years till Dec 2025Reserve Bank of India (RBI) extended the Payments Infrastructure Development Fund (PIDF) Scheme till December 2025, expanding its coverage ...29 Dec, 2023, 03.58 PM IST
- Over 1.18 crore payment devices deployed across country till April: RBI dataBesides, 1,14,05,116 digital devices, including inter-operable QR code-based payments such as UPI QR, Bharat QR, were deployed under the sc...09 Jun, 2022, 11.51 PM IST
- RBI releases framework for geo-tagging of payment system touch pointsAccording to the Reserve Bank of India (RBI), it is focused on deepening of digital payments and providing inclusive access to all citizens...25 Mar, 2022, 06.41 PM IST
- 2.46 lakh physical payment devices installed in smaller towns under Payment Infra Development FundPIDF Scheme, operationalised by the RBI from January, subsidises deployment of PoS infrastructure (physical and digital modes) in tier-3 to...16 Nov, 2021, 08.53 PM IST
- Covid-19 to hit imports of card swipe machinesIndian payment companies get 90% of their point-of-sale terminals from China and their imports are now on the verge of getting disrupted as...06 Mar, 2020, 08.57 AM IST
- Reliance Jio takes first big step into fintech, enters PoS businessAfter acquiring over 200 million subscriber base, Reliance Jio is now eyeing the merchant community by entering the point-of-sale (PoS) seg...10 Jan, 2019, 02.45 PM IST
- RBI defends hike in minimum MDR chargesSmall shopkeepers complain that the Rs 20 lakh turnover limit is too small, which means many of them they pay charges equivalent to large r...13 Dec, 2017, 09.33 PM IST
- Card payments push may land banks with a Rs 3,800 crore annual holeAfter note-ban last November, the Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage on...28 Sep, 2017, 10.00 PM IST
- Banks suffer Rs 3,800 crore loss to run current payment infra system, says SBI reportFactors like low merchant discount rates (MDR), low card usage, poor telecom infrastructure, lack of incentives to merchants to accept card...28 Sep, 2017, 03.15 PM IST
- Banks surpass PM's a million more PoS targetLenders' move also in response to stiff competition from payment apps.15 Apr, 2017, 02.21 PM IST
- HDFC Bank wants reasonable MDR chargesThe country's second largest lender had 2.95 lakh PoS terminals as on October 2016, making it the largest player in this segment.24 Jan, 2017, 11.24 PM IST
- SBI now also has the largest PoS network in IndiaAs of April 30, the state owned lender had a PoS network of 3,07,000, 26% of which were in the semi urban and rural areas, the bank said in...30 May, 2016, 08.55 PM IST
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