Money & Banking

MasterCard, Axis Bank and Worldline launch Soft POS

Our Bureau Mumbai | Updated on June 04, 2020 Published on June 04, 2020

MasterCard, Axis Bank and Worldline on Thursday launched Soft POS, which can turn smartphones into merchant Point of Sale (POS) terminals.

"Merchants who have traditionally accepted cash payments, now have a simpler and more secure way to manage transactions," Axis Bank said in a statement, adding that merchants can start using Soft POS almost instantly as the online registration process with the acquiring bank takes less than 30 minutes.

The solution is available as a white label solution to all banks and payment aggregators in the industry, it further said.

It also provides for face-to-face payments with Bharat QR and NFC payments, as well as remote payments for home deliveries via link-based payments.

Published on June 04, 2020
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