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POINT OF SALE (Physical PoS)

A point of sale (PoS) is the place where sales are made. On a macro level, a PoS may be a mall, a market or a city. On a micro level, retailers consider a PoS to be the area where a customer completes a transaction, such as a checkout counter. It is also known as a point of purchase.

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Necessary conditions for service initiation:

  • Handheld Device with card and/or bio-metric reader
  • Merchant Bank a/c
  • Internet connectivity GPRS/ Landline

Service Activation:

  • Paper work with Bank for merchant bank a/c
  • Deposit certain amount
  • Collect device
  • Configuration and training to operator

What is required for Transaction:

  • Any Card

Funds Transfer limit:

  • No limit for regulator