New Delhi: As part of the plan to expand the digital payments ecosystem, the government has decided that an additional 1 million new point of sale (PoS) terminals should be installed by March 31. Banks have already placed orders for 6 lakh PoS machines and another 4 lakh PoS are likely to be ordered in the next few days. At present, there are about 15 lakh PoS terminals across different merchants to facilitate card-based payments.
- Sensex Stuck In Narrow Range Ahead Of RBI Policy, Nifty Holds 8,150
- RBI Relaxes 2-Factor Authentication Norms for Transactions Under Rs. 2,000