National Payments Corporation of India (NPCI) has announced that there has been a surge in the usage of RuPay cards at Point of Sale (PoS) terminals at shops and other retail outlets with the new currency regime in place. During last two days, RuPay usage on PoS / e-Commerce was around 8 lakh transactions a day compared with a daily average of 4 lakh transactions earlier.
The value of transactions almost doubled.
“Using the PoS is even simpler than using on ATM. When there are restrictions on withdrawal of cash in the aftermath of demonetisation of notes, usage of payment cards at PoS for all day-to-day purchases is the ideal way to transact,” said A. P. Hota, MD & CEO, NPCI.
India has 14 lakh PoS terminals and all the terminals accept all brands of debit and credit cards. RuPay card can be used for booking railway tickets, bus tickets, shopping on the internet or paying bills / taxes.
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