I am glad that India is setting yet another standard in the payment arena for others to adopt. Since cards began to be used in the country in early 1980s, the industry has set up about 1.5 million Point Of Sale (POS) terminals.
However, in comparison to the 800 million cards that have been issued as of now, the number of POS terminals in the country has not been really adequate. Among other factors, the high capex and Opex associated with traditional POS terminals, have been the major deterrents to the expansion of POS infrastructure.