Canara Bank

Canara Bank is an Indian bank that publishes a range of merchant point-of-sale products for card acceptance. Its merchant acquiring offer covers POS, mPOS and SoftPOS devices as well as QR-based collection.

Device range

The bank lists MPOS, GPRS, Android, hybrid and SoftPOS terminals. According to the product descriptions, the devices support tap-to-pay, dynamic QR codes including BHIM-QR, and digital receipts. SoftPOS lets a merchant accept contactless payments on a phone without a dedicated terminal, while GPRS and Android models suit counter and mobile use.

Acquiring model

Tender documents separately confirm that the bank runs a merchant acquiring model with an operating contractor, which means that terminal supply and day-to-day servicing are handled together with a technology partner. The profile does not state fees, settlement terms or onboarding documents.

Who it suits

The offer fits Indian merchants, from shops to mobile and field-sales staff, that want to accept cards and QR payments through a bank-backed acquirer. Merchants should ask the bank about commission rates, settlement times and the device that matches their sales format before applying.