POS machines News

IRCTC is also deploying its officials onboard on these trains for the purpose of monitoring the catering services.

The report said the current humongous PoS infrastructure that banks have developed have to be supported wholeheartedly.

 Madhya Pradesh Government today announced major tax exemptions on purchase of point-of-sale (PoS) machines to promote cashless and digital transactions.

In the wake of the demonetisation move taken by the government and to promote cashless transaction, Finance Minister Arun Jaitley on Thursday announced a list of sops for digitals users such as Rs 10 lakh insurance for railway tickets books online.

In a major push towards making India a cashless economy, petrol pumps all across the country have installed infrastructure to even accept e-wallets and mobile wallets.  

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.

Online payments company Paytm has gone live with its point-of-sale (PoS) offering again, Founder and Chief Executive Vijay Shekhar Sharma on Saturday said, two days after taking the service off due to security concerns.

Finance Minister Arun Jaitley on Thursday asked banks to promote digital banking in "mission mode", saying the principal objective of the government's reform is to curtail the use of physical currency.

The government has set up a task force to oversee the expansion of point of sale (POS) machines to facilitate further expansion of the cashless economy in India, Union Finance Minister Arun Jaitley said on Thursday.

Private lender Axis Bank has said a fifth of its point of sales (POS) machines will be NFC-enabled by the end of this year, which will help users pay at shops without going through the tedious process of swiping and entering a PIN.