Reserve Bank of India (RBI) is considering setting a target for banks to install point of sales (PoS) terminals for acceptance of card payments. It is also looking at a wider role for non-banks in setting up 'white-label' PoS machines at retail outlets across the country. As against the 1.82 crore credit cards and 29.85 crore debit cards, there are only 6.97 lakh online PoS terminals in the country. Speaking at The Bankers' Club, Thrissur, on Monday, G Padmanabhan, ED, RBI, indicated that banks were taking easy way out by being content with steps initiated by regulator........
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