Pos Machine

The PIDF Scheme was operationalised by the RBI in January 2021 to incentivise deployment of Point of Sale machines(PoS), mPoS (mobile PoS), Quick Response (QR) codes in tier-3 to tier-6 centres and North Eastern States.

Paytm eyes onboarding 10 mn merchants with addition of PoS machine, new solutions

The company, which has introduced a new all-in-one payment gateway and business solutions as well as an Android-based point of sale (POS) machine, currently has over 16 million merchants across unorganised and organised sectors.

BharatQR launch: Govt keen to on-board 50 banks, 1 mn merchants

Soon paying for your cinema ticket or buying prescription pills over the counter will become easier and less time conusming. In a move to make retail payments seamless, the RBI today introduced BharatQR or quick response platform.

Demonetisation: Modi must accept failure and quit as PM, says Derek O'brian

The government tries to prove that its demonetisation move was a success by providing us with reassurance that the economy is picking up. However the numbers given by the government are less that the reality, says O'brian.

Yes Bank, Grofers tie up to deliver cash at doorstep

The cash delivery service, open to all back account holders. has started today across Mumbai, Gurgaon and Bengaluru. Other cities will be added to the list gradually.

Ola teams up with SBI, PNB for setting up mobile ATMs

With banks and ATMs not being able to cope with the rush for access to lower denomination or new currency after old Rs 500 and 1,000 notes were banned, cash dispensing through swipe of debit cards at POS machines was introduced at around 3,700 petrol pumps.