Cashless payment system for bank accounts to come to TRS in 3-4 months
Cashless payments will soon be a part of the TRS payment system.
Cashless payments are an alternative to the old credit card and mobile wallet systems.
With this system, a bank user can pay a transaction to the account, which the bank accepts.
The TRS Payments team has created a simple payment system which will enable banks to accept and accept cashless payments, the Times of Indian reported.
The new system, which will be available to all TRS banks, will enable them to accept cash payments without having to wait for a transaction on a payment card or mobile wallet, the news portal reported.
According to the report, the TSR Payments team is working on a mobile wallet which will have a similar look to the TSP Wallet app.
The team said the TPS is working with a number of mobile wallet vendors to build a payment system that offers the same convenience and ease of use as the TDS, the other TRS app.