To accelerate the growth and improve ATM penetration across the country, Tata Communications Payment Solutions Limited (TCPSL), which is a wholly-owned subsidiary of Tata Communications, has opened a white label ATM named Indicash in Bengaluru at Indiranagar, marking its foray into the Karnataka state. TCPSL plans to deploy at least 1,000 Indicash ATMs in Karnataka over the next three years.
In phase one (to be complete by the end of September 2013), TCPSL will be rolling out 150 Indicash ATMs in the Karnataka region, covering districts such as Bengaluru, Mysore, Hubli-Dharwar and the North Karnataka Belgaum region. The rollout will be across the main locations in Bengaluru city and semi-urban as well as rural locations.
Sanjeev Patel, CEO, Tata Communications Payment Solutions, said, TCPSL is thrilled to be playing a significant and pioneering role in the banking industry by deploying 15,000 new Indicash ATMs across India by 2016. Indicash aims to reach geographies that have, untill now, either been out of purview or have previously had very minimal banking infrastructure. Our endeavour is to be conveniently located to consumers and to provide a user-friendly interface that truly simplifies the banking experience for the end user.
Along with regular cash and non-cash services such as cash withdrawals, balance enquiries, mini-statements and PIN changes, Indicash plans to offer value-added and utility services to customers with offers and third party promotions in the second phase of its roll-out. Indicash will also accept all domestic debit cards with the first five transactions per month being free.
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