Govt working with banks, global cos to ramp up PoS machines

The government is working with banks and international companies to ramp up point-of-sale (PoS) machines for cash transactions, Union Minister Piyush Goyal said today.

“We are certainly working with the banks and also with the international companies to see how we can ramp up PoS machines,” the Coal and Power Minister said here. He was speaking during ‘Digital Economy Forum 2016’.

He further said that personally he felt that six months down the road PoS would gradually become irrelevant and may be two years down the road a new PoS machine would not be even required. Read More…

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