As Indians were more accustomed to carrying out card-less payments, the move towards debit, credit, gift or food cards for carrying out different types of transactions has seen the growth of Point of Sale (POS) terminals in India. The country’s banking sector has been instrumental in the growth of the POS market. Banks are issuing debit cards to all account holders to encourage more card-based transactions. This has also worked in favour of consumers, who now need not carry a huge amount of cash and worry about losing it.