Central Bank of India

Central Bank of India is an Indian public bank that offers merchant acquiring devices to both existing and new customers. Its point-of-sale solution is designed for shops and service businesses that need to accept card payments at the counter.

POS features

The POS solution accepts domestic and international cards and supports dynamic currency conversion (DCC), which lets a foreign cardholder pay in their home currency. The package includes transaction reports and technical support from the service providers who maintain the terminals. Services listed for the offer are merchant acquiring, POS and DCC.

Delivery model

Technical support is handled by service providers rather than directly by branch staff, which is common in bank acquiring programmes in India. The profile does not name specific terminal models, fees, settlement times or documents needed to apply.

Who it suits

The offer suits Indian merchants who already bank with it or who plan to open a relationship in order to take card payments, including tourist-facing businesses that benefit from DCC. Terms such as commission rates, rental charges and settlement schedules should be confirmed with the bank branch or the acquiring team before signing a merchant agreement.