Mastercard, Axis Bank, Zoho & others team up to add POS machines to smartphones
One of the world’s leading payments player Mastercard has inked an agreement with Axis Bank and French payments service provider Worldline to convert smartphones into point of sale (PoS) devices. The technology will only work in NFC-enabled smartphones. Merchants will be able to offer other digital services to customers. The technology will help to gain user confidence in the post-Covid world.