Chief postmaster BV Sudhakar (Left) along
with SBI Dy MD CR Sasikumar launching SBI POS machine in Hyderabad on Saturday |
Enabling cashless transactions at the post offices,Sri BV
Sudhakar, chief postmaster general and C R Sasi Kumar, Deputy managing
director, State Bank of India, inaugurated Point of Sale
(POS) machine at e Hyderabad GPO on Saturday.
Speaking on the occasion,Sri B.V.Sudhakar
explained the initiative taken by the AP circle in collaboration with the SBI.
“We have named this project ‘Turanth’, through which, the payments for
registered post, parcels and other services would be accepted through debit and
credit cards. Customers, especially in rural areas, can also draw an amount up to
Rs 1,000 by using these machines,” he said.
‘Turanth’
which was initially launched at 108 post offices in Telangana and AP
states on a pilot basis, will now be extended to another 2,467 post
offices across both states within a month.
Gopal
Krishan Kansal, chief general manager, SBI, said “SBI-India Post tie-up
is a meeting of two giants, which is going to be a game changer and will lead
to the digitization of payments across the country by deploying POS terminals,
even in remote locations, to promote a cashless economy and to build
card culture. The day is not so far, when the use of ATM machines will
be drastically reduced, and it won’t even be surprising if there are
no ATM machines at all because of the increase in usage of the cards
.”
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