A point of sale (PoS) is the place where sales are made. On a macro level, a PoS may be a mall, a market or a city. On a micro level, retailers consider a PoS to be the area where a customer completes a transaction, such as a checkout counter. It is also known as a point of purchase.

Physical PoS

Necessary conditions for service initiation:

• Handheld Device with card and /or bio-metric  reader
• Merchant Bank a/c
• Internet connectivity GPRS/ Landline

Service Activation:

• Paper work with Bank for merchant bank a/c
• Deposit certain amount
• Collect device
• Configuration and training to operator

What is required for Transaction:

• Any Card
• Resident for bio-metric authentication (AEPS)
• Assisted Mode

Funds Transfer limit:

• No limit for regulator
• Merchant’s Bank and payee Bank may set limit based on its own discretion

Disclaimer: The transaction costs are based on available information and may vary based on banks.

Service Available from no. of operators:

• Source RBI – Aug’16
  • 14.62 lakh
  • Interoperable

Mobile PoS

Necessary conditions for service initiation:

• Smartphone
• App from bank
• Integrated or external card and /or bio-metric  reader
• Reader connects using jack or bluetooth
• Internet connectivity 2G/3G/4G, or Wi-Fi
• QR code and Bar code reader

Service Activation:

• Merchant Bank a/c
• Download App
• Register device and/or mobile with merchant bank a/c and bank
• May require training or readable instructions

What is required for Transaction:

• Any Card
• Resident for bio-metric auth (AEPS) for registered devices
• Wallet account
• Scanner for  reading QR Code and Bar Code
• Self-service and/or Assisted mode

Funds Transfer limit:

• No limit for regulator
• Merchant’s Bank and payee Bank may set limit based on its own discretion

Disclaimer: The transaction costs are based on available information and may vary based on banks.

Virtual PoS

Necessary conditions for service initiation:

• Smartphone and /or Web browser
• Internet connectivity 2G/3G/4G, or Wi-Fi or landline
• E-payment gateway
• Virtual A/c for transactions
• May need QR code

Service Activation:

• Merchant Bank a/c with some merchant credentials
• In case of QR code for pull transactions
• May require ability to identify or authenticate user for service delivery

What is required for Transaction:

• Any Card
• Wallet Account
• Scanner for  reading QR Code and Bar Code

Funds Transfer limit:

• No limit for regulator
• Merchant’s Bank and payee Bank may set limit based on its own discretion

Disclaimer: The transaction costs are based on available information and may vary based on banks.