CMS Info Systems has announced winning a contract from State Bank of India (SBI) to deploy more than 7,850 Automated Teller Machines (ATMs) across the country. This deployment contract is valued at over Rs.4.5 billion and will include Total Implementation Services, ATM installation, maintenance and support for a 7-year period.
CMS Info Systems will be installing ATM’s manufactured by Nautilus Hyosung of Korea. Hyosung is a leading provider of banking automation and self service solutions worldwide.
Rajiv Kaul, Exec. VC & CEO, CMS Info Systems, said, “We are honoured to be awarded this project by SBI. In executing what is possibly the single-largest ATM deployment in the world, we will leverage our deeply entrenched cash management network over 2,500+ towns and experience in project management, to significantly improve access, uptime, and quality of service for the bank’s customers.”
These ATMs will be deployed across all the regions in India with a significant focus on semi-urban and rural areas. This is expected to provide the necessary infrastructure for multiple financial inclusion initiatives, including the Direct Beneficiary Transfer Scheme.
