New Delhi: Banking and payments technology provider FIS on Tuesday announced deploying and managing over 5,500 ATMs as part of a pan-India ATM rollout to be undertaken by a consortium of state-owned banks over the next two years.
    
Under the multi-year agreement, FIS will provide end-to-end outsourcing services including supply, setup and ongoing ATM operation, the Jacksonville (Florida)-based company said in a statement.
    
"Currently driving more than 3,500 ATMs across India and operating two of India's four interbank ATM switching networks, the new deployment will significantly expand FIS' business in the country, which is a key market in FIS' international growth strategy," it added.
    
Mark Davey, Executive Vice President of FIS International Solutions Group said that through this initiative, the company will more than double the number of ATMs it supports in India.
     
Finance Minister P Chidambaram last week said that public sector banks have been asked to double the number of their ATMs, currently number around 63,000, in the next two years. The banks have also been asked to upgrade the ATMs to accept deposits as well.

(Agencies)

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