PoS

The offline unorganised segment will drive merchant payment digitisation with QR codes and sound boxes - devices with speakers that display alerts for merchants when transactions are processed

"Demonetisation provided the biggest boost to PoS machines", said Ramesh Narasimhan

Paytm said its revenue for fiscal year ended March 31, increased to Rs 3,629 crore supported by increase in number of transactions across various segments and point of sale devices

At present, the country has about 15 lakh PoS terminals across different merchants to facilitate card based payments