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Indicash ATM Network achieves 8000 ATM milestone

India Blooms News Service | | Jun 14, 2016, at 03:29 am

#Indicash #ATM Network #ATM milestone

Kolkata, June 13 (IBNS) Tata Communications Payment Solutions Limited (TCPSL), a wholly-owned subsidiary of Tata Communications Limited and the largest White Label ATM service provider in the country, announced the deployment of its 8000th Indicash ATM at a Tier 6 location Appipatti,Theni, Tamilnadu.

"This achievement reinforce Indicash’s commitment to spearhead financial inclusion in the country through its strong focus on driving ATM usage in the untapped and underpenetrated semi-urban and rural geographies," a company statement said.

In less than three years, the Indicash ecosystem has extended ATM accessibility to over 30 million Indians across 4600 towns and villages in 20 states of India.

Sanjeev Patel, CEO, Tata Communications Payment Solutions Limited, says, “The 8000 ATM milestone reinforces our committment to actualise the Reserve Bank of India’s(RBI) vision of achieving financial inclusion by playing a pioneering role in expanding the ATM footprint into hitherto unbanked geographies. There has been an uptake in bank accounts in these regions making the ramp up of the ATM infrastructure in the country an imperative."

"This will truly empower the masses with the convenience of accessing their own money with ease. Indicash is proud to be leading the ATM growth in the country by unlocking the potential in previously untapped and underserved semi urban and rural geographies. We are well poised to play a transformational role in furthering economic empowerment and fast-tracking India’s financial inclusion agenda,” Patel said.

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