Your kirana store may soon swipe cards, thanks to de-monetisation

Small shops, kirana stores and even paanwalas are thinking of going digital and may soon swipe your cards at their shops.

In the backdrop of de-monetisation, these merchants want to minimise their dependency on cash payments from the customers.

The point of sale (POS) manufacturing companies saw a surge in demand from this segment of merchants in the past two days.

"The number of transactions over the last two days on our POS terminals has doubled. We have received more than a thousand requests overnight for the installation of new terminals. Requests have come from doctors, apparel sellers, wedding planners etc,” Lokhvir Kapoor, CEO of Pine Labs, which manufactures POS terminals, told ET.

Kapoor said a section of small and medium sized merchants and professionals who were resisting the switch over to digital payments, are now queuing up to make the switch and install more POS terminals.