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The total card acceptance infrastructure is likely to multiply – Taronews

The total card acceptance infrastructure is likely to multiply

RBI also expects 5 million active PoS by end 2021 and digital PoS (QR code) to increase substantially. The total card acceptance infrastructure is likely to multiply six times the current levels by the end of 2021.The RBI will also look at setting up a self regulatory governance framework to keep a check on security, customer protection and pricing. “Such an organisation can be constituted to cover the entire gamut of digital PSOs, including retail products of National Payments Corporation of India (NPCI).

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