Current Affairs - Banking - Discussion

Axis Bank Ltd, Mastercard India & Worldline India partnered to launch a digital point-of-sale(POS) solution 'Soft POS', the 1st financial payments service in India to transform everyday smartphones into merchant POS terminals. It helps offline merchants and Kirana stores accept payments using their smartphones. Through this app merchants who traditionally accept cash payments will now have a simpler and more secure way to manage transactions.