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NCR completes sale of its ATM outsourcing business to EPS

ANI  |  New Delhi [India] 

NCR Corporation, a global leader in has announced completion of its sale of a significant portion of its assets and related customer contracts in respect of its outsourced business in Kerala, Bihar, and to Electronic Payment and Services Pvt. Ltd. (EPS), a leading payment system company headquartered in

With this agreement, EPS will be reaching a new milestone by January 2018 to be managing more than 11,000 ATMs in on behalf of leading banks.

"This deal is strategic to our growth strategy, as it reiterates EPS's continued commitment to offer reliable, robust to its customers and reinforcing the relationship with its business partners and stakeholders," EPS,

"Not only is EPS the fastest growing, professionally managed Payments System Company, but also now in the league of the most valuable company," added Mamallan.

"The decision to sell a significant portion of our MoF business aligns with our vision to focus on software driven hardware enabled growth supported by end-to-end managed services," said NCR India,

"NCR is more focused than ever to innovate and enable the next generation of consumer experiences and productivity gains," added Dastur.

The country has around 230,000 ATMs and EPS has around five percent of the ATMs in deployed for various Banks under its portfolio. With this, EPS enters in to a new hallmark of being one of the leading MSPs (Managed Service Providers in the country).

Intellecap and were to Electronic Payment and Limited on this transaction while NCR was advised by

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 13 2018. 15:30 IST