HDFC Bank announced a software upgrade to create a single point-of-sale (PoS) machine which will accept payments through Unified Payments Interface (UPI), BharatQR, SMS Pay and the bank’s mobile wallet, in addition to the traditional mode of swiping cards.
The merchant has to do is to update his/her machine with a software at no cost. The new software will work only on HDFC Bank-issued PoS machines, but will accept any card or app from any bank/service provider.
Important Takeaways from Above News-
- HDFC Bank Limited is headquartered in Mumbai, Maharashtra.
- MD of HDFC Bank is Aditya Puri.
- The upgraded device will also allow merchants to offer equated monthly installment (EMI)-based payments using HDFC Bank credit and debit cards.
Source- The Financial Express