POS (Point of sale) is place at which a customer makes a payment to the merchant in exchange of goods. POS system saves time and faster processing of payments, relief from cash handling issues, increase efficiency and accuracy in reconciliation, accounting and increase the sales.
The Bank provides Point of Sale (Swiping Machine) services to Bank’s merchants (customers) for collection of sales in an automated process. Bank, now, in order to provide more choice to the customers and also remain competitive in canvassing new CASA accounts, has tied up with new vendors namely Mswipe Technologies Pvt Ltd & Bijilipay to offer Point of Sale services.
