Tata Communications’ wholly owned subsidiary -- Tata Communications Payment Solutions (TCPSL), has put 8,000 units of white label automated teller machines (ATM) across 4,600 towns of 20 states in the country till now. The 8,000th machine was installed at the tier-IV town of Appipatti, Theni in Tamil Nadu.
The company offers a 'plug and play' ATM deployment model for the banks, which reduces the cost of operationalising to 25% of a brown label ATM. Federal Bank, Development Bank of Singapore, Solapur Janata Sahakari Bank have opted for this.
Tata Communications is engaged in providing telecommunications, broadcasting, and information supply services. The company operates through voice solutions and data managed services segments.
