India Banks to Outsource ATM Operations

Posted by John B. Frank Friday, April 24, 2009

ATM Outsourcing | Big banks in India plan to outsource their ATM operations | ATM Marketplace

Big banks in India plan to outsource their ATM operations

(India) Business Standard: ATM outsourcing is on the rise in India, with at least two large banks planning to outsource the installation and management of their ATM portfolios. Private sector lender Axis Bank is in talks with BAIL, Euronet Worldwide, Prizm Payments and two other independent service operators for the outsourcing contract. And Bank of Baroda has invited request-for-proposals from prospective vendors for the site construction, supply and installation of ATMs. The bank plans to set up 500 ATMs at its branches and at off-site locations over the next three years. BoB has more than 3,000 ATMs across the country.

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