ATM outsourcing grows in India

ATM outsourcing grows in India
Tags: Bank / Credit Union, Distributors / ISO / IAD, Manufacturers, Retail / Off-Premises, Security, Software, Trends / Statistics
July 17, 2005

The Financial Express: Banks are increasingly outsourcing their value-added services, especially ATMs, to third parties. Many analysts believe that the Indian ATM outsourcing scene resembles the American banking scenario of the 1980s, when ATMs were growing at a frenzied pace and ATM outsourcing broke the traditional mold of doing business. The Indian ATM outsourcing market has grown from annual maintenance contracts to managed services. Some of the major players in this field are NCR Corp., Euronet, eFunds, 3i Infotech and Hughes Software Systems.