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Demonetisation impact: Over 1.2 mn PoS terminals added in 3 months to March

Govt undertook a major drive to promote digital transactions from December onwards

Press Trust of India  |  New Delhi 

The Finance Ministry on Wednesday said as many as 1.25 million Point of Sale (PoS) terminals were added in January-March this year, giving a boost to the government's efforts to promote digital transactions after demonetisation. With the addition, the total number of PoS terminals increased to 2.77 million at the end of March 2017. Further, to improve such infrastructure in villages, 204,000 PoS terminals have been sanctioned from the Financial Inclusion Fund by Nabard, according to key achievements and initiatives of Department of Financial Services for providing social ...

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First Published: Wed, May 24 2017. 21:39 IST