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POS MACHINES
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...06 Jul, 2023, 12.15 PM IST- 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.26 Nov, 2020, 09.56 PM IST
- Goa: In Mapusa, house tax payment at doorstepThe POS machine, with geo-tagging facility, will help the municipality collect house taxes and shop rents from the doorstep of residents an...30 Apr, 2020, 05.52 PM IST
- Pine Labs plans to deploy 1.5 lakh Android POS devices by next fiscalThe company plans to considerably scale up its Android POS network in 2020-21 to 1.5 lakh machines and diversify into newer industries. POS...23 Feb, 2020, 06.39 PM IST
- 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...20 Apr, 2018, 10.57 AM IST
- Postal department, SBI join hands to promote cashless transactionsDepartment of Posts has joined hands with SBI to promote 'SBI buddy e-wallet' and POS machines for cashless transactions at post office cou...11 Apr, 2017, 06.50 PM IST
- 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...06 Feb, 2017, 03.50 PM IST
- Railmin awards contract of installing 10,000 POS machines to SBIWith a view to facilitate convenient booking of reserved and unreserved tickets by passengers through cashless modes of payment at the tick...20 Jan, 2017, 07.23 PM IST
- 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.27 Dec, 2016, 05.46 PM IST
- Railways gives green light to go cashlessA notification would soon be issued that payment for all expenses should be made cashless by all zonal and divisional railways.02 Dec, 2016, 07.59 AM IST
- 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...28 Nov, 2016, 03.39 PM IST
- SBI pumps money in POS devices as cash pipeline dries-upSeeking to reach out to maximum number of people looking to withdraw money, State Bank of India today said it is providing cash through POS...22 Nov, 2016, 08.12 PM IST
- Centre wants ration shops to become micro ATMsThe remaining fair price shops are supposed to be fitted with ePOS machines by 2019, creating the biggest possible addition to micro ATM ne...21 Nov, 2016, 12.45 AM IST
- Axis Bank eyes 50,000 NFC-powered point of sales machines by 2015-endJairam Sridharan said the bank has already installed the technology in 100 machines and will be scaling it up to 20,000 in the next two mon...16 Aug, 2015, 12.00 PM IST
- Issue cards only if you roll out POS machines: RBI to banksRBI Deputy Governor H R Khan today said that the central bank is mulling linking the debit card issuances to the number of point of sale ma...16 Sep, 2014, 10.30 PM IST
- POS cash withdrawal limit should be raised to Rs 5,000: SBIThe average ticket size for an ATM transaction is Rs 3,654 so majority of transactions would be covered through cash out .16 Sep, 2014, 09.58 PM IST
- Smart phones could be used as payment gateway; First Data in talks with merchantsFirst Data, a merchant service provider that launched mPOS, is in talks with merchants to use smart mobile phones to process transactions.18 Jul, 2014, 06.06 PM IST
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