News

Euronet signs outsourcing deal with top Indian bank

January 2, 2006

LEAWOOD, Kan. - Euronet Worldwide Inc. signed a multiyear ATM outsourcing and deployment agreement with ABN AMRO Bank, a leading multinational bank in India.

According to a news release, ABN AMRO Bank will outsource its existing network of 90 ATMs to Euronet India. The company has already taken over the operation of the bank's ATMs and will provide end-to-end ATM outsourcing services from its operations center in Mumbai. ABN AMRO Bank also plans to aggressively increase its ATM network in the country over an 18-month period.

Under the agreement, Euronet India will select specific locations that have regulatory approval, install the new ATMs and all related equipment, drive the ATMs and provide services, including network management and monitoring, help desk assistance and related maintenance.

"With the addition of ABN AMRO Bank, Euronet now provides ATM outsourcing services for five out of six multinational banks operating in the Consumer Banking space in India, which is a remarkable achievement for our Indian team," said Daniel R Henry, Euronet Worldwide president and chief operating officer.