1m more swipe machines by Mar

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.