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Euronet Services signs outsourcing, deployment deal with Centurion Bank

March 16, 2005

Economic Times: Electronic payment solutions provider Euronet Services India Pvt Ltd, Indian arm of Euronet Worldwide, has entered into a five-year ATM outsourcing and deployment agreement with Centurion Bank Ltd.

"With the addition of Centurion Bank, we now have ATM outsourcing contracts with seven leading private sector and multinational banks in India," Euronet India Managing Director Loney Antony said.

The agreement includes transaction processing, network management and monitoring, security, cash forecasting and replenishment among services.

In the first phase, Centurion Bank will outsource its entire 154 ATMs to Euronet India. The company will also provide outsourcing services for new ATMs that would be deployed by the bank.

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