South Indian Bank Selects Euronet to Outsource ATMs

Wednesday 7 July 2004 17:57 CET | News

Euronet Worldwide has signed an ATM outsourcing agreement with the Dhanalakshmi Bank Limited, a leading bank in South India.

The Dhanalakshmi Bank will outsource its network of 100 ATMs to Euronet India. It is the first South Indian bank to choose complete end-to-end ATM outsourcing and deployment comprising site selection, implementation, maintenance, ATM installation, transaction processing and managed services to enhance its presence and brand across the region. This innovative outsourced business model allows the bank to deploy more ATMs with the associated benefits of speed-to-market to serve its growing customer base. Euronet will also be providing Visa gateway services and also help the Dhanalakshmi Bank launch its debit card program. The Dhanalakshmi Bank will also connect to Cashnet, which is a shared ATM network owned and operated by Euronet. Cashnet operates approximately 3,000 ATMs across 200 cities through its membership bank participation with leading banks including IDBI Bank, UTI Bank, Citibank and Standard Chartered Bank.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce