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A substantial fall in installation of PoS machines in India: Report

According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed

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Industry sources said one reason for the fall is a growing realisation that in-store shopping could take some time to return in a big way owing to the pandemic

Business Standard New Delhi
There has been a substantial fall in the installation of point-of-sale (PoS) machines in India. By Q1 2021, the PoS terminal count came down to 4.72 million in March 2021, from an all-time high of 6.03 million in January 2021. According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed.

Industry sources said one reason for the fall is a growing realisation that in-store shopping could take some time to return in a big way owing to the pandemic. And e-commerce sites are the preferred route. Private-sector