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News Update from January 2016
IBM signs Rs 260 crore deal with BTI payments for ATM infrastructure management
IBM has signed a Rs 260 crore deal with BTI Payments for ATM infrastructure management, as it focuses on deepening its hold on the financial services sector in India.
With Prime Minister Narendra Modi’s focus on financial inclusion, technology firms are seeing the rise of new players and deals in the Indian financial services space.
Click here for the full news article
Wincor Nixdorf, world’s largest ATM maker, ties up with AGS to manufacture 40,000 machines
Germany’s Wincor Nixdorf, the world’s largest ATM maker by market share, has tied up with Mumbai-based AGS Transact Tech to manufacture about 40,000 machines over the next two-three years at its newly set up plant in Daman, according to a top executive of the company.
Until now AGS, a payment technology solution provider to banks, had been importing ATMs from Wincor.
Click here for the full news article at the Economic Times
News Update from December 2015
BTI Payments installs 3,000 white label ATMs
ATM and point of sale terminal handling firm BTI Payments today said it has completed installations of 3,000 white label ATMs (WLA) in India ahead of its schedule.
“BTI Payments Private Ltd, a joint venture between BANKTECH Group and ICICI Ventures, today announced the completion of 3,000 installations of their India1 brand of white label ATMs (WLA). Click here for the full news article
BTI Payments to open 1,000 more ATMs in 3 month
White label ATM operator, BTI Payments plans to add another 1,000 ATMs to its network in the next three months, taking the toal to 4,000 for a greater Financial Inclusion in the country.
“We will open about 800-1000 White Level ATMs (WLA) in the next three months by March 2016,” BTI Payments Private Limited CEO K Srinivas told PTI. Click here for the full news article at the Economic Times
Also covered by Business Standard. Click here to view the article
News in November 2014
BTI rolls out 500th India1ATM
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