YouTransactor, leader in mPOS, will deploy its payment terminal in India, a country worth 60 million micro-merchants, a growing proportion adopting digital payment for their day-to-day business activities.

YouTransactor uCube device, connected to AXIS Bank, will enable merchants to accept debit and credit cards on VISA and Mastercard. For instance, retailers will be able to use their smartphone to manage payment in the street.

In addition, the mPOS device will support adoption of non-cash modes of payment and opportunities for enabling a less-cash society.