TCBIL wins ATM deal with Indian public sector banks

Source: Tata Communications Banking InfraSolutions

Tata Communications Banking InfraSolutions (TCBIL), a wholly-owned subsidiary of Tata Communications, specialising in payment solutions for the banking and financial services sector, has emerged as the largest managed ATM service provider in the country as it signs a milestone contract to deploy and manage nearly 14,000 ATMs for all public sector banks across Tamil Nadu & Puducherry, West Bengal & 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.

Sudip Kumar, President, Tata Communications Banking InfraSolutions Ltd., said, "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 will deploy and manage nearly 14,000 ATMs over a span of two years for all 21 public sector banks. Around 50% of the total rollout would be in semi urban and rural locations and the remaining 50% would be deployed in metro and urban markets.

TCBIL's service offering is based on deep domain experience of the banking sector backed by Tata Communications' highly resilient and secure global infrastructure and managed services credentials. TCBIL has a strong track record in deploying a wide portfolio of financial services for banks, such as:
• ATM outsourcing: end-to-end deployment and managed services
• Point of Sale (POS): enablement and management
• Card issuance: management and switching services
• Hosted services: core banking services, cheque truncation services
• Financial inclusion: end-to-end services 

Comments: (0)

Featured job
All Jobs »
London, UK

Sales Director, Private Equity Solutions (London, UK)

Competitive base, double ote, benefits, stock options

22 Jul