News

OKI to set up shop in India

April 21, 2014

After announcing its first delivery of ATMs to the Indian market in late January, OKI now says it will establish a new unit in Mumbai to manage sales to the Indian market. The January delivery was carried out through local agents.

According to The Japan News, OKI hopes that its in-country division will help the country meet its goal of capturing a 20 percent share of the Indian market.

Among the world's fastest expanding ATM markets, India expects to see a nearly threefold increase in its ATM count over the next few years — from 140,000 at the end of 2013 to 400,000 in 2017.