For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Around 12.54 Lakh PoS Terminals Added in Jan-March Qrtr: FM

By Religare
|

The Finance Ministry has said that around 12.54 lakh Point of Sale (PoS) terminals were added in January-March this year, giving a boost to government's efforts to promote digital transactions after demonetisation.

Around 12.54 Lakh PoS Terminals Added in Jan-March Qrtr: FM
 

As per reports, with the addition, the total number of PoS terminals increased to 27.73 lakh at the end of March 2017.

Commenting on the issue, a Finance Ministry Official told the media, "To improve such infrastructure in villages, 2.04 lakh PoS terminals have been sanctioned from the Financial Inclusion Fund by NABARD."

"To augment card acceptance infrastructure for use of debit cards, a major drive was undertaken between December 2016 and March 2017, resulting in an increase in PoS terminals by an additional 12.54 lakh, up from 15.19 lakh as on November 2016," he said.

Highlighting other achievements of the department, he said, the deposit base under Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts has expanded over time.

Dion Global Solutions

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more