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...
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...
Inside WhatsApp's measures to curb digital arrest scamsWhatsApp is using AI to combat digital arrest scams, banning thousands of impersonating accounts. Authorities are working to prevent signif...
PhonePe crosses 50 million merchants, expands digital payments and financial services footprint across IndiaPhonePe has achieved a major milestone with 50 million registered merchants. This growth signifies a significant step in bringing financial...
Church donation box goes digital in GreeceThe installation of a Point of Sale (POS) device at the Cathedral Basilica of St Dionysius the Areopagite marks the first such move by a Gr...
Pine Labs introduces new PoS device for QR, card-based paymentsWhile cheaper variants of devices in the market today are focused solely on either QR-based or card-based payments, Pine Labs’ new offering...
PhonePe sets foot in Point-of-sale device market to raise heat on rival PaytmPhonePe has launched its Point-of-sale (POS) device to enable Indian merchants to accept payments via debit cards, credit cards and UPI. Th...
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...
UPI 2.0 may disrupt PoS bizPoS devices are used by local vendors and retail store operators to process payments through debit and credit cards with swipe and QR code ...
Fino Payments Bank to deploy 10,000 mobile PoS terminalsThe key feature of the new Android-based mobile POS is that it is a single device with in-built finger print scanner, card reader, camera, ...
PhonePe partners with IOCL for deployment of PoS terminalsAs part of this partnership, customers can pay using UPI, credit and debit cards, PhonePe wallet and other external wallets like Jio Money ...
PhonePe eyes offline market with low-cost PoS devicesThe handheld device, which doubles up as a calculator, will elevate PhonePe's current offline daily transactions of around 10,000 to one mi...
Norms eased for PoS devices import till March 31PoS devices and sealed secondary cell/batteries containing alkaline or other non-acid electrolytes for use in portable applications have to...
Excise exemption on PoS device manufacturing till March'17Since the announcement of demonetisation of 500 and 1,000 rupee notes on November 8, the government has laid increased emphasis on promotin...
Government removes excise duty on Point of Sale machine manufacturing"POS machines will be exempted from 12.5 per cent excise duty and 4 per cent SAD (Special Additional Duty) till March 31, 2017," a source s...
Merchant banker launches Simpal Mobile Payments startupThe Mumbai-based payments venture is leveraging, both, UPI as well as Unique Identification Authority of India (Aadhaar), and has developed...