Tata Communications to rollout 15,000 Indicash ATMs in India in 3 years

Tata Communications Payment Solutions (TCPSL) is planning to rollout 15,000 Indicash ATMs across India, over the next three years.

Such 1,000 Indicash ATMs would come up in Karnataka. Karnataka lags behind other states in per capita ATM penetration.

TCPSL on Thursday announced the opening of Indicash at Indiranagar, Bengaluru.

Its flagship white label ATM was launched in Chandrapada village, Thane district, Maharashtra on the 27 June 2013.

In phase one, which will be completed by 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 like Jigani, Banerughatta, Devanahalli, Vijayapura, Anekal, and Magadi.

“Karnataka is a key market for us as it offers a plethora of options to drive ATM reach in IT, industrial, educational, commercial and tourist zones,” said Sanjeev Patel, CEO, Tata Communications Payment Solutions.

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