"We expect that by December, the number will actually go up to five million PoS, which means that the infrastructure for digital payments is going to grow three times in the short span of one year," MeitY Secretary Aruna Sundararajan said here.
Sundararajan said the use of PoS machines in the country has already doubled since the government's demonetisation move.
"We know that in the last 30 years... or even a little longer... since the digital payments have been around, we had about 1.5 million electronic PoS (machines). In the last four months since demonetisation, this number has doubled and today we are at three million PoS," she said.
Sundararajan spoke at the launch of a joint report by the Internet and Mobile Association of India (IAMAI) and Nielsen titled 'Index of Internet Readiness of Indian States'.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.