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Banks surpass PM's a million more PoS target

Banks surpass PM's a million more PoS target

Saturday, April 15, 2017, 10:20 AM

Banks are on an overdrive when it comes to installing point-of-sale machines, having surpassed the target of installing 10 lakh additional machines in the wake of demonetisation before the March-end. PM Modi had in December asked banks to install a million additional PoS terminals within four months. Banks achieved the target as they stepped on the gas to protect their turf against payment apps.
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