Page 2 - Atms In India

Indian economy likely to remain cash-dependent for many years to come

After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows RBI data

ATM networks will have to be reinvented to face the onslaught of technology

Demonetisation provided the first serious wake-up call that cash will not be king for long, and the business of vending it will have to be reworked

Amid Covid, HDFC Bank deploys mobile ATMs across 50 cities in India

These ATMs have been deployed in various metros and non-metros in view of the restrictions imposed by Covid-19

CMS Info Systems plans to invest upto Rs 1,300 crore on ATM ramp-up

Rajiv Kaul, vice-chairman and wholetime director, CMS Info System, said that starting with a capital expenditure of Rs 180-200 crore, the company expects to create 2,000 jobs

Interchange of Rs 15 makes ATM channel unviable: NCR India's Navroze Dastur

NCR Corporation, the world's largest vendor of ATMs, has over 50 per cent share of the local market, but business could be better, says NAVROZE DASTUR

ATMs to become virtual bank branches, accept deposits with instant credit

Close to 14.6 per cent (or 35,000) of the 240,000 ATMs in India are new-age recyclers, even though they have been around for only 3 years on the local landscape.

Out of cash: How the ATM ecosystem continues to be mired in a quicksand

The demand for a hike in the interchange hides a bigger mess, reports Raghu Mohan

How ATMs are amping up tech power, innovation to serve as mini banks

A silent revolution is playing out in the field of banking transactions in India

Third-party ATM switch ASPs to comply with cybersecurity controls: RBI

The RBI-regulated entities have to amend their contracts at the earliest or at the time of renewal, in any case not later than March 31, 2020

To safeguard banking, SBI to introduce OTP-based ATM transactions from Jan

This additional factor of authentication will protect State Bank card holders from unauthorized ATM cash withdrawals, it said further

Tired of ATM frauds? Soon, you can withdraw money from ATMs using UPI

For now, this service is only available to Bank of India customers and at some ATMs

Demonetisation was no rash call; we missed the many hints months earlier

It would not be incorrect to assume that the government had been toying with the idea of demonetisation from as early as February 2016

Why ATM, when you can crypto!

The Reserve Bank of India's (RBI) data shows that the number of ATMs in 2017-18 was 2,22,066, marginally less than the previous year