 "Tata Communications installs 8k ATM units across the country")
"The 8,000th machine was installed at the tier-IV town of Appipatti, Theni in Tamil Nadu," Tata Communications Payment Solutions said in a statement.
"There has been an uptake in bank accounts in these regions, making the ramp-up of the ATM infrastructure in the country an imperative," the company's chief executive Sanjeev Patel said.
It offers a 'plug and play' ATM deployment model for the banks, which reduces the cost of operationalising to 25% of a brown label ATM, the company claimed, adding that Federal Bank, Development Bank of Singapore, Solapur Janata Sahakari Bank have opted for this.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%