Highly networked bank of the country – State bank of India has tied up with Ezetap Mobile Solutions Pvt Ltd. In association with Ezetap the bank has planned to roll out ATM cum POS terminals. To make payments at the retail shops easier for the customers, the bank has planned to launch this.
Through this the customers will be able to make payments through their bank accounts like any other debit card payment. In addition to this withdrawals can be made through this. This an fresh and innovative measure similar to the ATM which will also help the shopkeepers. The maximum limit is Rs 1000. For the time being the customer can encash a sum of Rs 1000 which will which is paid by the store owner from his cash holding. The money gets deducted from the consumer’s bank account and gets deposited in the current account of the merchant.
Ezetap is a Bangalore-based mobile payments service provider. It has also worked in association with the well renowned companies like Flipkart, Bajaj Allianz, book my show and shoppers stop. With the help of this people can shop more comfortably and conveniently.