PoS Terminals have Doubled in Last Six Months: NPCI
POS Terminals
ram@justransact.com
06-05-2017 00:00:00
PoS Terminals have Doubled in Last Six Months: NPCI

The number of point-of-sale (PoS) terminals in the country has touched the thirty lakh-mark, AP Hota, Managing Director & CEO, National Payments Corporation of India (NPCI), said.

 

This is significant given that India had just fifteen lakh PoS terminals as of November 8 last year, when the demonetisation announcement of certain high-value notes was made by Prime Minister Narendra Modi. 

 

NPCI is the umbrella institution for retail payment systems in the country. Hota also said that NPCI would most likely do a public launch of Rupay credit card in the next one month. To begin with, this Rupay credit card will be on the Discover platform, he said.

 

 “Already, five banks are doing the pilots. These are Punjab National Bank, Andhra Bank, Central Bank, IDBI Bank and Punjab & Maharashtra Cooperative Bank,” he said.

 

On BHIM app, Hota said NPCI would soon launch an advertising campaign to improve awareness among the public on how to use the mobile app, which is expected to revolutionise digital payments in the country.

-K Ramanathan ram@justransact.com


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