"We are certainly working with the banks and also with the international companies to see how we can ramp up PoS machines," the Coal and Power Minister said here.
He was speaking during 'Digital Economy Forum 2016'.
He further said that personally he felt that six months down the road PoS would gradually become irrelevant and may be two years down the road a new PoS machine would not be even required.
He also added that smartphone today has become a PoS machine.
The minister further said that the government would certainly take steps to ensure that more money is pushed into the rural economy and "into the system faster in the rural areas".
"Today some bankers were saying that the growth in digital transactions is to the tune of 300 per cent in the last two to three weeks," he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content