New Delhi, August 21, 2012 − The world’s largest provider of banking and payments technology -- FIS -- has put in place new agreements to deploy and manage more than 5,500 public-sector bank ATMs in India over the next two years. FIS will provide end-to-end outsourcing services including supply, setup and ongoing ATM operation. Currently driving more than 3,500 ATMs across India and operating two of India’s four interbank ATM switching networks, the new deployment will significantly expand FIS’ business in the country.
Says Nicole Sturgill, Director, CEB TowerGroup’s Research: “India has an exceptionally strong ATM growth rate, growing at approximately 20 percent each year. A large population and a small ATM penetration rate, combined with the country’s continued solid economic growth, create the need for more ATMs.”
Adds Mark Davey, Executive Vice President, FIS International Solutions Group: “India is a very attractive business market, and this announcement further illustrates our commitment to the country. Through this important initiative, FIS will more than double the number of ATMs it supports in India. This win is a testament to FIS’ ability to leverage our global scale and expertise to solve a local market challenge.”
FIS is the world’s largest global provider dedicated to banking and payments technologies, serving more than 14,000 institutions in over 100 countries.FIS has been servicing ATMs for clients in India for over 15 years. www.fisglobal.com