Tata Communications’ wholly owned subsidiary - Tata Communications Payment Solutions (TCPSL) is planning to introduce 15,000 Indicash white-label ATMs across the country over the next 3 years. 67% of these will be deployed in semi-urban and rural areas and 33% will be installed in metro and urban markets. Phase two of the roll out will be to offer value added and utility services to customers using Indicash ATMs and to introduce offers and third party promotions. TCPSL is also planning to open 100 new white-label ATMs in Kerala by the end of this year.
TCPSL has launched its first white-label ATM in Thane in June, has 350 units now in place. TCPSL is aiming to make ATM services available across urban, semi-urban and rural locations that have negligible or minimal banking infrastructure. TCPSL has tied up with Kerala based Federal Bank for cash supply and is talking to other banks also in this regard.
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
TCPSL has launched its first white-label ATM in Thane in June, has 350 units now in place. TCPSL is aiming to make ATM services available across urban, semi-urban and rural locations that have negligible or minimal banking infrastructure. TCPSL has tied up with Kerala based Federal Bank for cash supply and is talking to other banks also in this regard.
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
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