CURRENT AFFAIRS

Detailed explanation-1: -Explanation: Axis Bank has become the second-largest merchant-acquisition bank in POS machines with over two lakh card-swipe machines installed.

Detailed explanation-2: -Which bank has the second-largest number of PoS machines in India? Notes: Axis Bank has become the second-largest merchant-acquiring bank in the country, leapfrogging two spaces during 2021 by installing over two lakh card-swipe machines during the year.

Detailed explanation-3: -HDFC Bank had the highest Point Of Sale terminal market share of about 19 percent as of first quarter of 2021.

Detailed explanation-4: -Country’s largest lender State Bank of India (SBI) has become the top merchant acquiring bank in the country with 2.96 lakh installed point-of-sale (PoS) terminals as of February 2016. With 2.96 lakh installed point-of-sale (PoS) terminals across the country, SBI has become the top merchant acquiring bank in India.

Detailed explanation-5: -The SBI POS terminals are ultra-secure and protect you from theft. It works seamlessly for merchants, thus, boosting their sales and increasing the profits and productivity. State Bank of India is one of the oldest and most trusted bank of India and is known for its best services.