Point of sale Current Affairs, GK & News

RBI’s Digital Payment Index

The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021 as compared to March 2021. Key findings The index measure of online transactions was 304.06 in September 2021. It was 270.59 in March 2021. In September 2020, ..

Month: Current Affairs - January, 2022

Category: Reports & Indexes Current Affairs

Topics: Demand and Supply • Digital Payment • Digital Payment Index • Digital Payments • Digital Payments Index • Digital Payments Index (RBI-DPI) • Foreign exchange • Foreign exchange reserves • National Payments Corporation of India (NPCI) • NPCI • Payment Infrastructure Development Fund • Point of sale • Reserve Bank of India (RBI)

RuPay Contactless (Offline) feature

National Payments Corporation of India (NPCI) has recently rolled out RuPay Contactless (Offline) feature. The RuPay prepaid card was introduced by NPCI in the year 2014, to offer the feature of one card for all payments. Various features are being added to the card since then. Key Features of RuPay Contactless The new feature called ..

Month: Current Affairs - December, 2020

Category: Economy & Banking Current Affairs - 2022

Topics: Digital India • National Common Mobility Card • NPCI • Point of sale • RuPay • rupay card

Paytm launches POS device for smaller merchants

Leading Indian fin-tech start-up company Paytm has recently launched a point-of-sale (POS) device for smaller merchants. The device would accept payments through cash, Paytm wallet, debit and credit cards and Unified Payments Interface (UPI) apps. It is an android-based all-in-one device, which will help the smaller merchants, road-side shop-keepers in handling digital money. Good and ..

Topics: Paytm • Point of sale • Unified Payment Interface

SBI launches contactless mobile phone payments facility

The SBI Card has  launched the ‘SBI Card Pay’ that allows contactless payment using mobile phones at PoS terminals. Using SBI Card Pay, customers can make contactless payments at Near Field Communication (NFC) enabled point of sale terminals with just one tap of their mobiles, without using the physical credit card or entering any PIN. ..

Topics: Contactless payment • Economy • Finance • Host card emulation • Microsoft Pay • Mobile payments • Money • Near-field communication • NETS • Payment card • Payment systems • Point of sale

Induslnd Bank launchs India’s first interactive credit card with buttons

Induslnd Bank has recently launched the India’s first interactive credit card with buttons called the IndusInd Bank Nexxt Credit Card. The card provides customers with the flexibility of 3 payment options at a Point of Sale (POS) terminal – credit, converting transactions into EMIs with 4 tenure options (6, 12, 18 and 24 months) or ..

Topics: Credit card • Economy • Electronic money institution • Financial services • Loyalty program • Money • Multicaixa • Payment systems • Point of sale