..............India today has 150,000 ATMs across the country. A few years back there was big momentum, when ministry of finance came up with the tender to put up with ATMs for public sector banks. However a lot of ATM operators went over-board in bidding for these tenders with private operators quoting interchange cost as low as Rs 7-8. No one looked at the long-term viability. Barring the operator who ran ATMs for SBI, all the other players are bleeding having contracted it with stringent guidelines. SBI was manageable because the customer base is higher and consequently number of transactions was also more. Banktech group having run ATM’s and PoS in Australia for 20 years understands the long term nature of the white label ATM business. While BTI came to India in 2006 and............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment