 "Cash Crunch, point of sale , PoS, PoS terminals, demonetisation, pre-demonetisation,, post-demonetisation, RBI data, Tier-I and -II cities, POS transaction, PoS machines")
A large chunk of point of sale (PoS) terminals set up after demonetisation are inactive and need to be redeployed, industry players have said.
The Indian government set a target for banks of deploying an additional one million PoS terminals after demonetisation. Following this, the number of PoS terminals went up from 1.5 million in the pre-demonetisation period to over three million in February 2018, according to RBI data.
However, PoS monthly transactions, both in terms of volume as well as value, are roughly at the level of the pre-demonetisation era. Barring the spike in December 2016 due to note
