21 October 2017

Bank of Baroda installs 'intelligent-powered' ATMs

10 December 2013  |  4052 views  |  1 Call centre woman

In a bid to reach more of the country's underbanked population, India's Bank of Baroda is deploying 2100 ATMs from Diebold which automatically switch between three possible power sources - solar panel, alternating current grid and internal battery - as circumstances dictate.

Mumbai-based BoB operates more than 4000 branches throughout India. The bank is deploying at least one ATM at each branch, fulfilling a Ministry of Finance directive to expand self-service banking options for the approximately 40% of India's population that is underbanked.

The Diebdol 429 ATMs feature an integrated battery backup system and are designed to operate in environments with inconsistent power availability. Depending on daylight conditions, either solar panels or the AC grid power the ATM and charge its four-hour backup battery, which automatically activates when power is interrupted.

PD Singh, general manager, transaction banking, BoB, says: "Expanding the capabilities and breadth of our ATM fleet will improve access to banking services in both urban and rural areas."

As part of the deal, Diebold is also managing the performance and end user availability of BoB's entire multi-vendor fleet of more than 4000 terminals.

Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 11 December, 2013, 10:18

A nod to the belief that cash and sun will be around forever?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Diebold pays $48m to settle bank bribery charges

Diebold pays $48m to settle bank bribery charges

23 October 2013  |  4152 views  |  0 comments | 1 tweets | 4 linkedin
Diebold posts Q1 net loss; cuts 700 jobs

Diebold posts Q1 net loss; cuts 700 jobs

01 May 2013  |  10272 views  |  0 comments | 3 tweets | 1 linkedin
CEO Swidarski out as Diebold warns on disappointing Q4 results

CEO Swidarski out as Diebold warns on disappointing Q4 results

24 January 2013  |  13786 views  |  0 comments | 1 tweets | 1 linkedin
Diebold takes its cue from smartphones and tablets for next gen ATMs

Diebold takes its cue from smartphones and tablets for next gen ATMs

09 January 2013  |  10917 views  |  3 comments | 20 tweets | 12 linkedin
Brazilian firm develops eco-friendly ATMs

Brazilian firm develops eco-friendly ATMs

20 July 2012  |  4137 views  |  0 comments
State Bank of India signs for 300 solar-powered ATMs

State Bank of India signs for 300 solar-powered ATMs

12 March 2010  |  12951 views  |  3 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10081 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
9027 views comments | 17 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8963 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8051 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7736 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job