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DoT Exempts Handsets, Smartwatches From Mandatory Testing Regime; Addresses Regulatory Overlap
The telecom department has exempted certain products including mobile user equipment, mobile handsets, and smartwatch from the ambit of its mandatory testing `MTCTE regime', removing a regulatory overlap that existed, an official release said on Saturday.
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Honda 2Wheelers India Signs MoU With Pine Labs For Easy Financing
Honda Motorcycle & Scooter India (HMSI) has signed a Memorandum of Understanding (MoU) with merchant commerce platform - Pine Labs to install POS machines across its dealerships pan India. The MoU will now provide a new purchase solution to debit and credit cardholders, by allowing convenient EMI options when purchasing a motorcycle or scooter. Und...
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Samsung Pay Gets YES Bank Credit Card Support in India
"The partnership with YES Bank will enable more consumers to join Samsung Pay platform and go digital," said Sanjay Razdan, Director, Samsung Pay Business, in a statement.
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BHIM Transactions Cross Rs 1,600 Crore: What Is UPI, How To Use BHIM And More
To start using the BHIM app to send/receive money and use its other features, you need to register on the app to set up a four-digit passcode and a UPI-PIN or UPI Personal Identification Number.
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Cash Is Culture in India, but It’s Not Going to Be the Future
Even though digital payments have dropped post the demonetisation surge, cash is not going to remain king in India, says Infosys Finacle’s Senior Vice President and Regional Head, Venkatramana Gosavi.
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How a New Range of mPOS Systems Is Shaping India’s Payments Ecosystem
We're moving on from large PoS machines in shops to small devices that the deliveryman and the local paanwalla also have.
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Budget 2017: Payments Industry Hails Proposal to Cap Cash Transactions and More
The industry is particularly enthused by the removal of import duty for point of sales (PoS) machines.
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Cards, ATMs Will Be Redundant By 2020 In India: NITI Aayog
Amid the big push being given to digital transactions post-demonetisation, NITI Aayog CEO Amitabh Kant today said cards, ATMs and Point-of-Sale (POS) machines would become redundant in the country by 2020.
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Vaishno Devi Shrine Gets Rs 1.9 Crore In Demonetised Currency
The cave shrine of Mata Vaishno devi had received donations worth Rs 1.9 crore in old currency notes of Rs 500 and Rs 1,000 after the government's demonetisation decision of November 8 even as the shrine board has set up POS machines to facilitate pilgrims to make cashless payments.
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NITI Aayog Panel Says Digital Payments Can Be Boosted With a Level Playing Field
It has recommended a medium term strategy for accelerating growth of digital payments in the country with a regulatory regime.
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13,000 Train Ticket Reservation Counters to Get POS Machines
There are about 13,000 counters for ticket reservation and 14,000 counters for unreserved tickets across the country.
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3 Arrested For Installing Card-Reading Devices In Sale Machines In Goa
Goa police on Saturday arrested three persons hailing from Uttar Pradesh who allegedly installed card-reading devices in point of sale (POS) machines at Calangute beach village.
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Demonetisation: Ola Cabs, Yes Bank Partner to Set Up Mobile ATMs in India
Customers can swipe debit cards to withdraw an amount of up to Rs. 2,000 per card.
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Swipe Machine Arrives With Pomp Day After PM Suggests Cashless Parliament
Former Jammu and Kashmir chief minister Omar Abdullah called it the "prettiest swipe machine in all the land," in a tongue in cheek assessment of the floral arrangements that surrounded Parliament's first ever point of sale machine, which was installed in the canteen today and was inaugurated by Lok Sabha speaker Sumitra Mahajan and Parliamentary A...
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MasterCard, Pine Labs Aim to Add 26,000 Contactless POS in India in a Year
With this, merchants across quick-service restaurants, retail stores, cinemas and supermarkets will be able to offer contactless terminals as an alternative method of payment.
-
DoT Exempts Handsets, Smartwatches From Mandatory Testing Regime; Addresses Regulatory Overlap
The telecom department has exempted certain products including mobile user equipment, mobile handsets, and smartwatch from the ambit of its mandatory testing `MTCTE regime', removing a regulatory overlap that existed, an official release said on Saturday.
-
Honda 2Wheelers India Signs MoU With Pine Labs For Easy Financing
Honda Motorcycle & Scooter India (HMSI) has signed a Memorandum of Understanding (MoU) with merchant commerce platform - Pine Labs to install POS machines across its dealerships pan India. The MoU will now provide a new purchase solution to debit and credit cardholders, by allowing convenient EMI options when purchasing a motorcycle or scooter. Und...
-
Samsung Pay Gets YES Bank Credit Card Support in India
"The partnership with YES Bank will enable more consumers to join Samsung Pay platform and go digital," said Sanjay Razdan, Director, Samsung Pay Business, in a statement.
-
BHIM Transactions Cross Rs 1,600 Crore: What Is UPI, How To Use BHIM And More
To start using the BHIM app to send/receive money and use its other features, you need to register on the app to set up a four-digit passcode and a UPI-PIN or UPI Personal Identification Number.
-
Cash Is Culture in India, but It’s Not Going to Be the Future
Even though digital payments have dropped post the demonetisation surge, cash is not going to remain king in India, says Infosys Finacle’s Senior Vice President and Regional Head, Venkatramana Gosavi.
-
How a New Range of mPOS Systems Is Shaping India’s Payments Ecosystem
We're moving on from large PoS machines in shops to small devices that the deliveryman and the local paanwalla also have.
-
Budget 2017: Payments Industry Hails Proposal to Cap Cash Transactions and More
The industry is particularly enthused by the removal of import duty for point of sales (PoS) machines.
-
Cards, ATMs Will Be Redundant By 2020 In India: NITI Aayog
Amid the big push being given to digital transactions post-demonetisation, NITI Aayog CEO Amitabh Kant today said cards, ATMs and Point-of-Sale (POS) machines would become redundant in the country by 2020.
-
Vaishno Devi Shrine Gets Rs 1.9 Crore In Demonetised Currency
The cave shrine of Mata Vaishno devi had received donations worth Rs 1.9 crore in old currency notes of Rs 500 and Rs 1,000 after the government's demonetisation decision of November 8 even as the shrine board has set up POS machines to facilitate pilgrims to make cashless payments.
-
NITI Aayog Panel Says Digital Payments Can Be Boosted With a Level Playing Field
It has recommended a medium term strategy for accelerating growth of digital payments in the country with a regulatory regime.
-
13,000 Train Ticket Reservation Counters to Get POS Machines
There are about 13,000 counters for ticket reservation and 14,000 counters for unreserved tickets across the country.
-
3 Arrested For Installing Card-Reading Devices In Sale Machines In Goa
Goa police on Saturday arrested three persons hailing from Uttar Pradesh who allegedly installed card-reading devices in point of sale (POS) machines at Calangute beach village.
-
Demonetisation: Ola Cabs, Yes Bank Partner to Set Up Mobile ATMs in India
Customers can swipe debit cards to withdraw an amount of up to Rs. 2,000 per card.
-
Swipe Machine Arrives With Pomp Day After PM Suggests Cashless Parliament
Former Jammu and Kashmir chief minister Omar Abdullah called it the "prettiest swipe machine in all the land," in a tongue in cheek assessment of the floral arrangements that surrounded Parliament's first ever point of sale machine, which was installed in the canteen today and was inaugurated by Lok Sabha speaker Sumitra Mahajan and Parliamentary A...
-
MasterCard, Pine Labs Aim to Add 26,000 Contactless POS in India in a Year
With this, merchants across quick-service restaurants, retail stores, cinemas and supermarkets will be able to offer contactless terminals as an alternative method of payment.
