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Tata Communications’ arm emerges as India’s largest managed ATM services provider

01 Aug 2012 Evaluate

Tata Communications Banking InfraSolutions (TCBIL), a wholly owned subsidiary of Tata Communications, specializing in payment solutions for the banking and financial services sector has emerged as the largest managed ATM service provider in the country as it gains a milestone contract to deploy and manage nearly 14,000 ATMs for all public sector banks across Tamil Nadu, Puducherry, West Bengal, Andaman & Nicobar and Andhra Pradesh. With this win, TCBIL has become India’s largest managed ATM services provider, with almost 27,000 contracted ATMs nationwide.

TCBIL will deploy and manage nearly 14,000 ATMs over a span of two years for all 21 public sector banks. Around 50% of the total rollout would be in semi urban and rural locations and the remaining 50% would be deployed in metro and urban markets.

TCBIL’s service offering is based on deep domain experience of the banking sector backed by Tata Communications’ highly resilient and secure global infrastructure and managed services credentials.

Tata Communications Share Price

1521.05 -41.30 (-2.64%)
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