Drop in use of devices signals worry for small businesses, card payments sector, banks
March 11, 2021
3 Min Read
India’s digital payments sector is on an upswing, but Covid-19 has caused a significant number of debit and credit card payment terminals to become inactive.
About 30% of the 5.7 million point-of-sale (PoS) machines deployed as of December have become inactive or been returned, said two senior executives at companies that deploy these terminals for banks.
The roughly 1.7 million inactive terminals signal a few unwelcome possibilities:
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