FIS™
(NYSE: FIS), the world’s largest provider of banking and payments
technology, today announced new agreements to deploy and manage more
than 5,500 ATMs in India. This deployment is part of a pan-India ATM
rollout that will be undertaken by a consortium of public-sector banks
over the next two years.
As part of this multi-year agreement, FIS will provide end-to-end
outsourcing services including supply, setup and ongoing ATM operation.
Currently driving more than 3,500 ATMs across India and operating two of
India’s four interbank ATM switching networks, the new deployment will
significantly expand FIS’ business in the country, which is a key market
in FIS’ international growth strategy.
FIS is a global leader in ATM management and has been servicing ATMs for
clients in India for over 15 years as part of a strong and diversified
portfolio of payments and banking solutions, including payment
switching, ATM management and transaction routing, and core banking.
According to CEB TowerGroup’s Research Director Nicole Sturgill, India
has an exceptionally strong ATM growth rate, growing at approximately 20
percent each year. A large population and a small ATM penetration rate,
combined with the country’s continued solid economic growth, create the
need for more ATMs.
“India is a very attractive business market, and this announcement
further illustrates our commitment to the country. Through this
important initiative, FIS will more than double the number of ATMs it
supports in India,” said Mark
Davey, executive vice president, FIS International Solutions Group.
“This win is a testament to FIS’ ability to leverage our global scale
and expertise to solve a local market challenge.”
About
FIS
FIS (NYSE: FIS) is the world’s largest global provider dedicated to
banking and payments technologies. With a long history deeply rooted in
the financial services sector, FIS serves more than 14,000 institutions
in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs
more than 32,000 people worldwide and holds leadership positions in
payment processing and banking solutions, providing software, services
and outsourcing of the technology that drives financial institutions.
First in financial technology, FIS tops the annual FinTech 100 list, is
425 on the Fortune 500 and is a member of Standard & Poor’s 500®
Index. For more information about FIS, visit www.fisglobal.com.
Forward-Looking Statements
This news release contains forward-looking statements that involve a
number of risks and uncertainties. Statements that are not historical
facts, including statements about our beliefs and expectations, are
forward-looking statements. Forward-looking statements are based on
management's beliefs, as well as assumptions made by, and information
currently available to, management. Because such statements are based on
expectations as to future economic performance and are not statements of
fact, actual results may differ materially from those projected. We
undertake no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise. The
risks and uncertainties which forward-looking statements are subject to
include, but are not limited to: changes in general economic, business
and political conditions and other risks detailed in the “Statement
Regarding Forward-Looking Information,” “Risk Factors” and other
sections of the Company’s Form 10-K and other filings with the
Securities and Exchange Commission.
