Advanced Digitalization to Propel Indian ATM Market in Urban and Rural Regions-Ken Research

Indian ATM market involves cash services, armoured cash transportation, management, and transportation of valuables, international shipping of high-tech devices, armed and unarmed guarding, protection services, and electronic monitoring of premises. ATMs is always considered as a source of the cash dispenser. However, advanced technology in banking and financial institutions has developed many convenient way to handle huge number of transaction including withdrawal of funds, deposits and balance enquiry updates. India is witnessing a tremendous growth in ATM market due to rapid digitalization. The recent technological advancements in ATM market are bill payment, travel booking, and mobile ATMs which has propelled the automation and security standards within the ATM market. According to the study “ India Atm Market Outlook To By Atm Supply, Managed Services (Atm Repair, Maintenance And Other Services, Transaction Processing, Cash Reconciliation Statement, Content And Electronic Journal Management) & Cash Management (Atm Replenishment, Cit, Cpd) ”, Indian ATM industry is opening new avenues for customers who continuously explored for revenue opportunities and customer relationship services. Indian financial institutions introduced innovative functionality and revenue-generating services via ATM channel which propelled the installation of more ATM machines. India Atm Market Outlook To By Atm Supply, Managed Services (Atm Repair, Maintenance And Other Services, Transaction Processing, Cash Reconciliation Statement, Content And Electronic Journal Management) & Cash Management (Atm Replenishment, Cit, Cpd)

Almost all the ATM users in India are focusing on convenience, efficient services and availability of cost saving measures. Transaction personalization and envelope- less deposits are the most utilized service within Indian ATM services market. With advanced technology many customers are using less cash which is propelling the banks to provide much better digitalization services. The major players within India’s ATM services are Hitachi Payments, AGS Transact, Diebold Systems, Euronet, EPS, Tata Communications Payment Solution, FIS, FSS, Mphasis Payment Managed Services, NCR, and CMS. Leading companies within India’s ATM Cash Management practice are CMS InfoSystem, SIS Prosegur, Brink's Arya, Writer Safeguard, Securevalue, Logicash and Radiant Cash. The major supplies of ATM’s are NCR Corporation, AGS Transact, Diebold Systems and Vortex Engineering. Indian ATMs are categorized based on types such as Managed Services, Brown label ATMs, ATMs Completely managed by banks and White label ATMs. Second highest numbers of ATMs in India are Brown Label ATMs which owned by banks and further deployed to ATM management companies for their maintenance and management. White label ATMs in India are very less and are located in the rural areas to encourage non-banking entities, to reduce the shortage of ATMs and financial services in rural areas of India.

Indian ATM market involves services such as ATM repair, maintenance, ATM Site Management, Cash management services, Transaction processing, ATM supply, Cash Reconciliation Statement and Content & Electronic Journal Management. ATM repair and maintenance services include services such as FLM, SLM, ATM deployment, management and operations of ATM. Other services such as transaction processing, ATM site management, cash reconciliation and content & electronic journal management are also a part of the ATM service market. It was observed that the India ATM management services market is at a developing stage due to very less number of players. More number of ATM’s is installed in rural and urban areas over the past few years due to digitalization. The need for a savings account for per individual has led to new savings accounts and witnessed a steady growth in the use of ATM cards within the country. The ATM market in India will witness a steady growth with increase in revenue over the next few years due to various schemes offered by the government. The increasing awareness among the Indian population of semi-urban and rural areas about the usage of ATMs will drive the market in the next few years. These developments will drive the need for more ATM’s installations in the country especially in the rural areas over the next few years.

Key Topics Covered in this Report:- India ATM Managed Services Market Brown Label ATMs in India Portable ATMs Market India Cash Management Market India Outsourced ATMs in India Number of ATM Transactions India ATM Managed Services Revenue India White Label ATMs in India ATM Replenishment Market India Electronic Journal Management Market India Cash Reconciliation Market India Cost to Set up ATMs in India India ATM Market Trends Investment India ATM Services Penetration ATMs in Rural Areas India Banking Industry Underbanked Population in India Unbanked Population in India Global ATM technology trends Tender Bid Process ATM Managed Services

Cash Withdrawals in India Impact of PMJDY on ATMs For more information on the research report, refer to below link:- insurance/banking/india-atm-management-services-market/ html Related Reports:- insurance/financial-services/india-financial-brokerage-market-report/ html and-advances/india-online-loan-market-research-report/ html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications