Akhilesh hints at contesting Lok…

  Lucknow: Former Uttar …

Goel for security to man who too…

  New Delhi: Minister of…

Devendra Fadnavis joins PM at Da…

  Mumbai: Maharashtra Ch…

Kerala Governor skips anti-Centr…

  Thiruvananthapuram: Ke…

J&K considering amnesty to s…

  Jammu: Jammu and Kashm…

Will not allow 'Padmaavat' scree…

  Jaipur: Shri Rajput Ka…

Indian Navy's all-women sailing …

  Port Stanley (Falkland…

Loya issue 'serious', will exami…

  New Delhi: The Supreme…

Javi Gracia named Watford coach

  London: Watford Footba…

Delhi Assembly to get a dose of …

  New Delhi: On a Januar…

«
»
TwitterFacebookPinterestGoogle+

Federal Bank launches U-POS, its unique POS on UPI Platform for Merchants

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Mumbai: Federal Bank has launched its ‘Lotza U-Pos’ (UPI POS), which enables merchants to collect their payments at their outlets. In a function held at Cochin International Airport, the U-Pos was formally launched by Shyam Srinivasan, MD& CEO, Federal Bank by handing over the machine to V J Kurian IAS, Managing Director, CIAL.

The U-Pos machine is an alternative to the normal POS machines, in which the merchant enters the bill amount and a QR code for the corresponding amount is generated instantaneously. The customer scans the QR code thus generated with any UPI app and completes the payment. The payment is instantly credited to the merchant’s account.

1 comment

  1. Gaurav Reply

    Where are more details of this U-POS available? We are interested in leveraging on this feature and want to implement it.

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image

*