NCR Corporation eyes big pie of ATM segment

September 08, 2016 11:43 pm | Updated September 22, 2016 05:55 pm IST - CHENNAI:

The Indian subsidiary of the U.S. based NCR Corporation, which is eyeing a big share of Indian Automated Teller Machines (ATMs) is banking on innovative and safety features to grow its business. “Currently, NCR Corporation has installed 1.1 lakh ATMs in the country against the total installed base of 2.25 lakh ATMs. It is hoped the ATMs number will rise to four lakh ATMs by 2020. Right now, we have a market share of 48 per cent and we would like it to grow further. We are betting on private and public sector banks, small finance banks and payment banks,” Navroze Dastur, NCR Corporation India Managing Director told The Hindu . On the anvil are the introduction of Kalpana, a touch-screen and biometrics based ATM, which runs on android OS and an interactive ATM. Both are undergoing trial runs in Chennai and Gurgaon respectively.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.