Retail Banking Research forecasts 407,000 ATMs in India by 2021

India Infoline News Service | Mumbai | October 15, 2016 10:55 IST

Over the past two decades, NCR has reinvented itself to deliver innovations to meet challenges faced by financial institutions to help transform their businesses and continued to work towards the ‘Make in India’ vision of the government of India.

According to the latest Global ATM Markets and Forecasts 2021 by Retail Banking Research (RBR) report, NCR continues to lead the India ATM market with 44% market share with over 100,000 ATMs currently deployed. The number of ATMs in India is forecasted to reach around 407,000 by 2021, which would represent growth of over 90% on the 2015 figure of 214,500 and equal a CAGR of 11%.
 
“NCR has led the re-invention of how consumers and businesses connect with financial institutions backed by its innovative software solutions and omni-channel technologies to create better experiences for customers, while lowering costs and delivering differentiated banking platforms,” said Navroze Dastur, Managing Director, Financial Services, NCR India.

“Today’s consumers want digital, seamless, secure and available banking services and NCR is strategically poised to build the infrastructure for the connected economy with broad, stable solutions.”
 
This approach of constant innovation in market-relevant technology solutions has earned NCR its market leadership position since its entry in India 20 years ago. NCR provides solutions to serve financial services, retail, telecom & technology industries in India. 
 
NCR Corporation, a global leader in omni-channel solutions, celebrates the completion of 20 successful years of operations in India as the country’s leading ATM services provider. Over the past two decades, NCR has reinvented itself to deliver innovations to meet challenges faced by financial institutions to help transform their businesses and continued to work towards the ‘Make in India’ vision of the government of India.
 
Contributing to the ‘Make in India’ vision NCR has introduced a host of customised innovations for the Indian market including: Kalpana, the world’s first Android-based enterprise software for ATMs; NCR SelfServ 23, an ATM featuring a modern and contemporary look and feel, with latest ADA multi-touch capability and higher note capacity; ATMs for the visually impaired, amongst a host of other innovations that is ‘Made in India for India.’

 

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