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News Entry# 288593
Dec 14 2016 (13:45)  Rlys to install 10,000 POS to go cashless (
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News Entry# 288593     
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Nagpur: In view of the Prime Minister Narendra Modi government's decision to promote cashless transactions, the Indian Railways has decided to install at least 10,000 point of sale (POS) machines using debit/credit cards at its public reservation system (PRS) counters. On Tuesday, the Nagpur division of Central Railway installed 15 POS machines in one go. Of these 6 were installed in Nagpur (east side-2 & west side-4), Ajni (4), Wardha (2), and one each in Chandrapur, Sindhi and Ballarshah. Central Railway PRO PD Patil said in first phase 40 such POS will be installed on priority at A1, A and B category stations in the division. "Now passengers will be able to opt for cashless transactions while booking tickets, though cash will also be accepted, CRIS has been asked to take necessary action to link POS machines with PRS terminals," Patil said. SECR senior divisional commercial manager (SrDCM) Arjun Sibal said,...
"We plan to install 114 machines and have initially demanded 74 POS. Once we receive them from SBI, we will install them on priority stations."
The immediate move follows after Railway Board on December 10, directed all the zones to install POS. SBI has been mandated to install 10,000 POS machines at PRS counters followed by unreserved ticketing systems (UTS) at suburban stations, parcel and goods locations and other UTS locations. Though railway officials say no extra fee will be charged from travellers, railways will have to pay 0.75% merchant discount rate (MDR) through debit cards up to and above Rs2,000. "It will be 1.50% and 2.50% for transactions respectively through credit cards and foreign cards," said railways officials. They said Railway Board is in the process of framing a model agreement for POS machines in consultation with SBI to be signed subsequently by all zones. The accounting procedure to calculate revenue from POS machines will be issued separately.
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