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25 Jan 2019

IRCTC's billing in trains through POS machines scheme extended to next phase

IRCTC is also deploying its officials onboard on these trains for the purpose of monitoring the catering services.

28 Sep 2017

Cashless push doubled card payments; may cost banks Rs 3,800 cr

The report said the current humongous PoS infrastructure that banks have developed have to be supported wholeheartedly.

09 Jan 2017

Tax sops on purchase of PoS machines in Madhya Pradesh

Madhya Pradesh Government today announced major tax exemptions on purchase of point-of-sale (PoS) machines to promote cashless and digital transactions.

30 Dec 2016

Railway will get more than 5,000 PoS machines installed

08 Dec 2016

Note ban: Petrol, diesel to be cheaper in e-payment; Rs 10 lakh insurance for online railway tickets booking, says FM Jaitley

In the wake of the demonetisation move taken by the government and to promote cashless transaction, Finance Minister Arun Jaitley on Thursday announced a list of sops for digitals users such as Rs 10 lakh insurance for railway tickets books online.

03 Dec 2016

Petrol pumps get into digital overdrive, install infrastructure to accept e-wallets

In a major push towards making India a cashless economy, petrol pumps all across the country have installed infrastructure to even accept e-wallets and mobile wallets.

28 Nov 2016

Demonetisation: Govt removes excise duty on POS machines

Government on Monday removed excise duty on goods for manufacturing of POS (Point of Sale) machines that are in great demand as merchants are being compelled to use them in the wake of currency crisis.

26 Nov 2016

Paytm goes live with PoS service; rules out interest rate war with payments bank

Online payments company Paytm has gone live with its point-of-sale (PoS) offering again, Founder and Chief Executive Vijay Shekhar Sharma on Saturday said, two days after taking the service off due to security concerns.

24 Nov 2016

Arun Jaitley asks banks to promote digital banking in 'mission mode'

Finance Minister Arun Jaitley on Thursday asked banks to promote digital banking in "mission mode", saying the principal objective of the government's reform is to curtail the use of physical currency.

24 Nov 2016

Task force set up to oversee expansion of POS machines: Arun Jaitley

The government has set up a task force to oversee the expansion of point of sale (POS) machines to facilitate further expansion of the cashless economy in India, Union Finance Minister Arun Jaitley said on Thursday.

16 Aug 2015

Axis Bank eyes 50,000 NFC-powered POS machines by 2015-end

Private lender Axis Bank has said a fifth of its point of sales (POS) machines will be NFC-enabled by the end of this year, which will help users pay at shops without going through the tedious process of swiping and entering a PIN.

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