Tata Communications wins contract for deploying and managing nearly 14,000 ATMs for public sector banks across three regions of India
Mumbai (BSE, NSE), August 01, 2012
Mumbai (BSE, NSE) – August 1st 2012 – 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
TCBIL at a glance:
- India’s largest managed ATM services provider with over 26,700 ATMs contracted
- Manages more than 12,500 ATMs and 10,000 POS Terminals as on March 31st 2012
- Handles over 55% of POS traffic in India
- Handles 200 million card transactions annually i.e. close to 550,000 transactions every day
- Manages over Rs 1.8 crores of card transactions each month
- Enjoys the trust of over 25 leading banks in India as clients
About TCBIL
Tata Communications Banking InfraSolutions Ltd. (TCBIL) is a wholly owned subsidiary of Tata Communications and one of the fastest growing payment solutions providers in the country. TCBIL is a banking and financial services organisation offering a one stop ‘plug-and-play’ infrastructure management solution on a pay-per-use model to its clients.
The company has been at the forefront in providing payment solutions on innovative business models like managed ATM services, managed hosted core banking solutions, point of sale solutions, card issuance & management and financial inclusion solutions. These services enable banks to focus on their core business, establish core banking processes, customer acquisition and retention channels with minimum resource allocations
www.tatacommunications.com/enterprise/india/tcbil.asp
Ends…
FOR IMMEDIATE RELEASE |
PRESS RELEASE |
|---|---|
| Natalie Chak Tata Communications +44 (0)7833 043 779 natalie.chak@tatacommunications.com |
Neil Thomas Hill & Knowlton Strategies +44 207 413 3454 neil.thomas@hkstrategies.com |
About Tata Communications
Tata Communications Limited (CIN no: L64200MH1986PLC039266) along with its subsidiaries (Tata Communications) is a leading global provider of A New World of Communications™. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to over 240 countries and territories across 400 PoPs, as well as nearly 1 million square feet of data centre and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services and leadership in global international voice. Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
https://www.tatacommunications.com
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