Tata Communications to manage 14,000 ATMs for state-owned banks
01 Aug 2012
Tata Communications, through a wholly-owned unit, has a won a contract to deploy and manage nearly 14,000 ATMs for public sector banks across various states, a move that will make it the largest managed ATM service provider in the country.
The telecom major, which bagged the contract through its subsidiary Tata Communications Banking InfraSolutions (TCBIL), will deploy and manage the ATMs across Tamil Nadu and Puducherry, West Bengal and Andaman & Nicobar and Andhra Pradesh.
With this win, TCBIL has become India's largest managed ATM services provider, with almost 27,000 contracted ATMs nationwide, it said in a release.
''We are honoured to have won this prestigious mandate to assist the public sector banks in their endeavour to expand their ATM networks. This is a huge endorsement of our competence in the banking infrasolutions space as we commenced operations only three years ago. TCBIL will function as a one-stop solution to the banks for the entire value chain, from identifying locations to implementing the ATM as per their bespoke brand guidelines,'' TCBIL president Sudip Kumar said.
The company will deploy and manage nearly 14,000 ATMs over a span of two years for all 21 public sector banks. Around 50 per cent of the total rollout would be in semi-urban and rural locations and the remaining 50 percent would be deployed in metro and urban markets.
As on 31 March 2012, TCBIL manages more than 12,500 ATMs and 10,000 point of sale terminals, and handles over 55 per cent of POS traffic in India. It handles 200 million card transactions, which is about 550,000 transactions per day.
