Tata Communications Banking InfraSolutions (TCBIL), a subsidiary of Tata Communications, has signed a 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.
TCBIL has become India's largest managed ATM services provider, with almost 27,000 contracted ATMs nationwide.
Tata Communications Banking InfraSolutions President Sudip Kumar said this is a huge endorsement of its 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 percent 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.
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 manages more than 12,500 ATMs and 10,000 POS Terminals as on March 31st 2012
It handles over 55 percent of POS traffic in India, while it manages 200 million card transactions annually i.e. close to 550,000 transactions every day.
The company claims that it manages over Rs 1.8 crores of card transactions each month.
Tata Communications unit signs deal to deploy 14,000 ATMs for public sector banks