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POs News

23 Apr 2024

BharatPe One All-In-One Payment Device Launched

The company said that it plans to launch the product in 100+ cities in the first phase. It will further scale it to 450+ cities over the course of the next 6 months.

Reserve Bank of India

26 Mar 2022

RBI releases framework for geo-tagging of payment system touch points

The infrastructure is focused on deepening of digital payments and providing inclusive access to all citizens of the country. "To achieve this objective, it is imperative that robust payment acceptance infrastructure is available and accessible across the length and breadth of the country," RBI said.

State Bank of India

13 Nov 2021

SBI customers can withdraw cash from ATM without debit card, here’s how

SBI Bank customers can withdraw a minimum of Rs 500 using the YONO app. They can withdraw a minimum of Rs 500 using the YONO app. The app also works well at POS terminals and Customer Service Points (CSP).

28 May 2021

How business has expanded in pandemic with help of Vistar Mobile POS by Applop

Vistar is launched by Gurgaon based startup Applop, which has created more than 1.4 Million mobile apps with their Do-It-Yourself app creator, Applop is praise by Honorable PM Narendra Modi as - "Catalytic agent for anyone to grow" in a Startup Event in 2018.

National Payments Corporation of India (NPCI)

04 Aug 2017

NPCI hits 1 billion transaction mark in July

He said highest growth has been seen in the mobile payments and Aadhaar-based payments.

Digital payment

19 Apr 2017

India's digital payments infra to grow three-fold in 2017: Govt

The infrastructure of digital payments in India is expected to increase three-fold by the end of 2017 with almost five million electronic point of sale (PoS) machines, the Ministry of Electronics and IT (MeitY) said on Wednesday.

Union Budget 2017

01 Feb 2017

Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs 3 lakh

In a bid to give a push to Digital Economy and weed-out corruption and black money, the Union Minister for Finance and Corporate Affairs Arun Jaitley in his Budget Speech on Wednesday said that the Government has decided that no transaction above Rs 3 lakh will be permitted in cash.

01 Feb 2017

Govt removes all taxes on PoS machines to push e-payments

In a move to push digital payments, the government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc.

07 Jan 2017

Cards, ATMs, POS will be redundant by 2020 in India: Niti Aayog

Amid the big push being given to digital transactions post-demonetisation, Niti Aayog CEO Amitabh Kant today said cards, ATMs and POS machines would become redundant in the country by 2020.

regional transport offices

25 Dec 2016

RTOs in national capital set to go cashless from January 2017

In a bid to promote cashless economy, Regional Transport Offices in the national capital are set to go cashless from January when fees for all services including driving licence, auto permit and fitness certificate can be paid electronically.

13 Dec 2016

Be careful before you swipe your credit/debit cards – Here is why!

While there is no denying that the government is making all efforts to fight black money and corruption through demonetisation and make India a cashless economy, one must also accept the fact that the move has been misused by many.

Indian Railways

09 Dec 2016

Railways to install card swipe machines at 13,000 train ticket counters

In a bid to encourage cashless transaction, Indian Railways will install card swipe machines at 13,000 ticket reservation counters across the country.

06 Dec 2016

Government directs banks to install 10 lakh new PoS terminals by March 31

Following the demonetisation move and the cash crunch that follow, the government has encourage the public to go cashless, a move that will even prevent corruption.

04 Dec 2016

Demonetisation: Micro-ATMs, POS asked to guard against cyber attacks

With the usage of micro-ATMs and POS counters witnessing a sharp surge post demonetisation, the country's premier cyber security agency CERT-In has cautioned customers, bankers and traders against skimming and malware attacks on these systems and asked them to adopt high-end encryption to plug possible breaches.

14 Nov 2016

Demonetisation: NPCI waives switching fee for RuPay PoS and e-commerce transactions

National Payments Corporation of India (NPCI) on Monday said it has waived till year-end the switching fee for all RuPay issuing and acquiring member banks for point of sales (PoS) and e-commerce transactions.

11 Nov 2016

Gujarat: Long queues continue at banks, ATMs and POs

Panic-stricken citizens queued outside banks, post offices and ATMs across Gujarat on the second consecutive day to get new currency notes in exchange for their now defunct bills following Centre's move of demonetising Rs 500 and Rs 1,000 notes.

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