Mastercard and Pine Labs collaborate to create contactless POS terminals in India

The business of cash-less payment service providers is thriving, thanks to the recent demonetization move from the government. With rising adaptation of cash-less payments, Mastercard is moving forward with contact-less payments.

Today, Mastercard has announced that it is partnering with Pine Labs in order to create more than 26,000 contactless payment terminals in India. The terminals will be set up across the key merchant stores in the country. The roll out is expected to take around one...

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