Payment services: Merchant acquisition

What is a Unified Point of Sale (UPOS) terminal?

According to MAS (Speeches)
last revised on 19 August 2016

UPOS terminals allow consumers to make retail payments through a single interface that accepts all major debit and credit card brands, including those that are contactless or embedded in smartphones, via a unified point-of-sale terminal. UPOS terminals have been widely deployed in Singapore since 2017.