Chinese PoS devices here to stay as cheaper options not on cards

Amid growing demand for digital payments in India, these swipe machines are the key hardware to process credit and debit card-based transactions at malls and retail stores. Following the government’s directive to reduce dependence on Chinese goods, payments providers are looking at alternative options, but pricing and legacy challenges may prevent any immediate migration, multiple industry sources told ET.

from Banking/Finance-Industry-Economic Times https://ift.tt/2BUiP4B