Payments solution provider Oxigen has announced the launch of ‘Super PoS’ a single device that allows users to withdraw cash, make bill payments, phone recharges and card payments.
Super PoS is a payments terminal that’s designed for merchants as well as banks and supports cash in, cash out, card transactions and even features NFC for contactless transactions.
The device combines the functionality of a micro ATM, a PoS terminal for card payments and devices that are designed to accept mobile wallet and contactless payments.
Super PoS will even have a biometric reader for Aadhar and eKYC transactions. The device will feature a battery life of 8 hours and have SIM connectivity with an external antenna for use in low coverage regions.
Oxigen bagged a deal that makes the Super PoS the only device to be certified by the Indian Bankers’ Association, and individual banks will now place orders as per their requirement.
The company plans to produce around 2 lakh such devices over the next 2-3 years, while it expects the demand from banks to reach around 1 lakh devices – the rest will come from merchants.