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Fino Payments Bank to deploy 10,000 Android based POS machines

Fino POS

Fino Payments Bank has launched an Android-based point-of-sale (POS) device in an effort to ramp up its door-to-door banking services. According to the company, more than 10,000 locations across India will be equipped with this 'multi-utility' POS device that bundles a tablet, a fingerprint scanner, a card reader, a camera, and a printer. The company said that the Android-powered POS device can carry out a multitude of tasks including account opening, deposits, cash withdrawals, money transfers, purchase of financial products and services (gold, loans, insurance), and Aadhaar-Enabled Payment Systems (AEPS). The system is interoperable and will allow even customers with debit cards issued by other banks to do payments and withdrawals. Fino and other payments banks Fino Payments Bank, run by Fino Paytech, became operational in July 2017. It is one of the five payments banks to roll out operations…

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