Mumbai: Tata Communications today announced its foray into the fast-growing managed banking infrastructure solutions space through a subsidiary, Tata Communications Banking InfraSolutions (TCBIL).
“It will offer managed payment infrastructure services to banks with a basket of products like, ATM, point of sale, internet banking, mobile banking and core banking solutions among others,” TCBIL President Rajiv Singh said here.
Stating that the penetration of ATMs in India is only at 33 for one million people as compared to over 1000 for the same number in the devloping nations, Singh said that TCBIL has already tied up with almost all the leading vendors across the world to deploy ATMs in India.
“We are going to bring in “through the wall” ATMs which will reduce the cost of putting up an ATM and will design the machines as per the need of the customers of the banks,” he said.
The ‘Through the Wall´ ATMs would not require to be manned as they will be putting up on a side of the wall. The company also proposes to bring in machines which can even be installed in areas where there is no electricity and can be powered with solar energy. Biometric machines are also to be brought in.