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Wincor Nixdorf signs ATM deal with State Bank of India for 1,000 machines
September 15, 2009
State Bank of India, Singapore's largest lender, has signed a 1000-ATM deal with AGS Infotech, a partner of Germany-based Wincor Nixdorf AG.
According to a news release issued by Wincor Nixdorf, the bank plans to install 300 multifunctional ProCash 2100xe systems and 700 ProCash 1500xe cash dispensers. The deal marks Wincor's first ATM relationship with SBI, which operates an network of approximately 15,000 ATMs and 12,000 bank branches across India.
Ricardos Khoury, vice president and head of banking for Wincor Nixdorf in Asia-Pacific, says the deal is a big one for the company:
We are delighted that Wincor Nixdorf will provide state-of-the-art ATM systems to help SBI provide its customers with reliable and convenient cash services across the country.
AGS Infotech will supply, install, commission and maintain the ATMs at the sites across the country.
SBI is expected to add 1,000 branches and 10,000 ATMs during the 2009/2010 fiscal year. Most of those ATMs and branches are planned for urban areas, where self-service demand is growing, and rural areas where banking services historically have been limited.
Trends / StatisticsPublic CompaniesAsia, Australia & PacificBank / Credit UnionWincor Nixdorf International
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