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Payments companies see PoS pause on war-related imports squeezeIndia's digital payments sector faces a critical shortage of new point-of-sale (PoS) terminals due to disruptions in imports from China and...- 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...
- These 8 private and public banking stocks have an upside of up to 35% in one year, according to analystsThere was a decline in banking stocks during Tuesday’s trading session. The drop came as a reaction to the RBI tightening its bad loan norm...
- BharatPe eyes $5 billion annualised transaction value from PoS biz in FY21The point of sale (PoS) business now contributes to 25 per cent of the annualised transaction value, according to a statement.
- Large retailers wooing kirana stores with PoS machines 2.0Reliance Retail has been testing a PoS project with 1,200 mom-and-pop outlets for the past couple of month.
- Paytm is looking to cash in with a PoS business planThe payments player, which was using QR codes to ramp up offline digital payments, is now opening card payments at merchant locations as we...
- State Bank of India not to charge fees on PoS cash withdrawalsAs per the RBI guidelines, the withdrawal limit from PoS machines at retail outlets in Tier 1 and 2 cities per card per day is Rs 1,000 and...
- 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...
- Smart PoS machines can even do your tax mathMSwipe, a mobile PoS machines company, has around 5k smart devices in the country.
- Number of swipe machines up 10 lakh since November 8According to SBI, given the level of digitisation, the requirement of currency notes in the economy will come down by over Rs 1 lakh crore.
- Card, Aadhaar enabled payments at all PDS, fertiliser depots soonFinance Secretary Ashok Lavasa said over 1.7 lakh PoS machines have already been installed at public distribution system (PDS) shops and mo...
- Customers can cancel rail tickets booked through PoS machinesIn case of tickets booked through SBI PoS machines at a reservation counter, a customer can approach a counter and cancel his ticket.
- Wah Taj! Say it with ewalletsThe Archaeological Survey of India has ordered more than 70 point-of-sale (PoS) terminals from private sector lender Axis Bank as it seeks ...
- Central and Western Railways start installation of PoS machines at unreserved ticketing countersRailway in its first phase, installed PoS machines at all Passenger Reservation System (PRS) under the Mumbai division.
- For a digital change, India may need 20 lakh more PoS machinesThe finance ministry has also announced a number of small incentives to push digitalisation.
- Hayana power utilities to introduce PoS machinesThe minister said the departments are required to enter into separate agreements with SBI for opening of bank accounts and for installation...
- Digital transactions in banking sector going up: SBI chief Arundhati Bhattacharya"Typical transaction levels have surged and we are seeing a huge demand. A lot of people are coming to us for PoS machines," she said.
- RBI plans fund to push card swipe machinesThere are over 68-crore debit cards in India. Over a third of these have been added in the last two years following the implementation of t...
- Now, deposit cash using card swipe machinesMasterCard has tied up with banks that install point of sales (PoS) terminals to accept cash deposits for loading onto prepaid cards.
- SBI to add 10 lakh card swipe machines at storesSBI will install 10 lakh payment card swipe machines (point of sales, or PoS, terminals) across the country, which will double the number o...
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