A customers makes a contactless payment using a mobile phone. Photographer: Angel Garcia/Bloomberg
As banks and payment operators look to reach the smallest of merchants across India, mobile point-of-sale or soft PoS card transactions are emerging as a possible new option. Technologies ranging from QR codes to UPI-based payments and now mobile PoS are being used to bring mom and pop stores, the last remaining bastion of cash transactions, into the digital payments fold.Also known as the ‘tap and go’ or ‘tap to phone’ feature, the ...