Home
Internet
Internet News
MasterCard, Pine Labs Aim to Add 26,000 less POS in India in a Year

MasterCard, Pine Labs Aim to Add 26,000 less POS in India in a Year 163q3t

By Press Trust of India | Updated: 30 November 2016 13:43 IST

ment

Leading global payments company MasterCard on Tuesday said that it, along with Pine Labs, plans to roll out more than 26,000 less terminals across key merchant stores in the country over the next 12 months. 5u382r

Pine Labs, payment facilitator for electronic MasterCard less technology.

The merchants across Quick Service Restaurants (QSR), retail stores, cinemas and super markets will now be able to offer less terminals as an alternative method of payment to customers, allowing them greater ease and convenience of payments, said Murali Nair, Senior Vice President, Market Development, South Asia, MasterCard.

The less payments solution will also help merchants build greater efficiency in managing their costs and time by way of reducing check-out time at the counters and costs related to handling of cash.

Cashless transactions are on the rise, driven by increasing availability of less cards and introduction of new forms of payment technology in the country.

More than 60,000 retailers across India depend on Pine Labs to securely and reliably manage their Payment Acceptance.

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.