India's ICICI Selling ATM/POS Networks?

Posted by John B. Frank Sunday, March 22, 2009

Finextra: ICICI considers spinning off ATM and POS networks - report

TSYS and First Data Interested

According to finextra.com, India's ICICI Bank is looking into spinning off its network of ATMs and payment terminals to a separate company and has sounded out technology vendors about joining the new entity.

According to the Economic Times, Visa, Total System Services and First Data are among those to have expressed interest in participating in the new business, managing ICICI's network of 4000 cash machines and 200,000 POS terminals.

Developing...

homeatm, pin payments, atm, ICICI, India, First Data, TSYS

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