SBI will deploy 7,070 NCR SelfServ™ ATMs equipped with the
latest anti-fraud security solutions to help expand the bank’s reach in
India
MUMBAI, India--(BUSINESS WIRE)--Oct. 31, 2016--
NCR
Corporation (NYSE: NCR), a global leader in omni-channel solutions,
today announced that State
Bank of India (SBI), the country’s largest financial institution,
has awarded NCR with the single largest order of ATMs in India. As part
of this agreement, which is valued at more than $50 million USD to be
executed over the next seven years, NCR will deploy 7,070 SelfServ™ 22e
ATM’s, software solutions and provide services support to help SBI
further expand its network in the country to reach its financial
inclusion goals.
“We congratulate NCR on securing this order and helping us expand our
ATM network in India,” said Mrutyunjay Mahapatra, Deputy Managing
Director and CIO of SBI. “We are pleased to be associated with market
leaders like NCR. This partnership continues to strengthen our ATM
channel network of more than 57,000 ATMs, of which, NCR has almost half
the base supporting more than 4,500 locations across India.”
According
to the World Bank, as many as two billion people worldwide are
underbanked. In India, more than 233 million people have never been to a
bank, and just 74,000 of the nation's 600,000 villages have access to a
bank.
“This win reiterates SBI’s confidence in NCR’s ability to handle large
complex projects and the trust they place in our technology and services
to be a partner-of-choice in their vision of providing banking services
to the vast un-banked population in India,” said Navroze Dastur,
Managing Director of NCR India. “The ATM is increasingly becoming a
global target for crime, and with SBI’s introduction of NCR SelfServ 22e
ATMs, embedded with its proprietary Skimming Protection Solutions (SPS),
helps to thwart card data breach and notify attacks in real-time, will
help SBI to protect its brand reputation and strengthen consumer
loyalty.”
The SelfServ™ 22e, was conceptualized and ‘Made in India’ specifically
for the Indian market and is intuitively designed to handle high
transaction volumes and its compact design makes it easier to be
deployed in rural locations. This ATM’s uses low-energy LED lighting and
fixed length receipts to minimize power consumption, reduce carbon
footprint and paper waste, making it a valuable asset in both achieving
environmental goals and reducing total cost of ownership.
The unique self-healing technology of SelfServ 22e helps to recover
faster and reduce downtime from hours to minutes making the ATMs
available around the clock.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in omni-channel
solutions, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 550 million transactions daily across
retail, financial, travel, hospitality, telecom and technology, and
small business. NCR solutions run the everyday transactions that make
your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and
does business in 180 countries. NCR is a trademark of NCR Corporation in
the United States and other countries.
Web sites: www.ncr.com,
www.ncrsilver.com
Twitter:
@NCRCorporation
Facebook:
www.facebook.com/ncrcorp
LinkedIn:
www.linkedin.com/company/ncr-corporation
YouTube:
www.youtube.com/user/ncrcorporation
View source version on businesswire.com: http://www.businesswire.com/news/home/20161031005266/en/
Source: NCR Corporation
NCR Public Relations
Rakesh Aulaya, 912. 261. 954. 583
rakesh.aulaya@ncr.com