Diabytes
Point of Sale News
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Post the November 8 demonetisation measure, 12.54 lakh Point of Sale (PoS) terminals have been added during the fourth quarter of the last fiscal ended March to facilitate more digital transactions, the government has said.
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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.
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To promote cashless economy govt announces discount on online railway bookings, lowers rental on PoS
Finance Minister Arun Jaitley announced various discounts in order to promote digital and cashless economy on Sunday in the two-day long meeting of the GST Council.
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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.
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Considering the rising number of debit card frauds, State Bank of India (SBI) has launched a facility under 'SBI Quick: SMS and Missed Call Banking' service whereby the customer can choose to activate or deactivate their cards using various platforms, like ATM, and Point of Sale (POS).
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