Showcased cutting edge technology products
MUMBAI, India and SINGAPORE, Dec. 5, 2013 /PRNewswire/ -- Wincor Nixdorf Pte Ltd, one of the world's leading providers of IT solutions and services to retail banking and retailers, together with their partner AGS Transact Technologies Ltd, a leading ATM outsourcing and payments' company in India, attended the India ATM 2013 Conference and Expo on 3-4 December in Mumbai.
Following the new milestone achievement in the installation base of 25,000 ATMs in India, the rapid expansion witnessed in the ATM network in India has pushed AGS and Wincor Nixdorf to further engage the India market with innovative solutions and value-added initiatives. Products showcased include the well-accepted Monofunctional Cash Dispenser ProCash 280, the new weatherized ATM for through-the-wall installations ProCash 285, as well as the Cash Recycling System CINEO C4040. Value-added ATM solutions such as Direct Marketing, Terminal Security, Proview Monitoring, Serial number Recognition and more were also part of the highlights showcased during the Expo.
As per the Global ATM Market and Forecasts to 2018, ATM segment witnessed a growth rate of 21% since 2012 in India. Reversing the trend of recent years, 2012 saw the new private sector banks leading growth. ATM terminals in India will be expected to grow at a compounded average growth rate of 23% between 2013 and 2018, according to research of British market research company RBR. Speaking on the growth of the ATM market, Mr. Stanley Johnson, President -- Managed Services, AGS Transact Technologies Ltd. said, "ATM has brought a self-service revolution in the banking industry. There is a lot of scope for growth of ATM industry in developing countries like India. AGS continues to invest in cutting edge technology and provide value-added services in order to improve customer convenience and attract new customers. The new age products that we have been showcasing at the India ATM 2013 Conference and Expo along with Wincor Nixdorf will surely accelerate our market penetration and add value for our end-users."
India ATM 2013 Conference and Expo addressed the key issues faced by the India's increasingly dynamic financial services sector, challenges and opportunities. The rapid expansion seen in the India ATM network is primarily ascribed to the entry of 'brown label' concept, which enables banks to set up a large network of ATMs in a short span of time in an outsourcing model and partnership with its service provider.
Mr Karsten Kemna, Regional Vice President for Banking, Wincor Nixdorf Pte Ltd. said, "India market is one of our important growth markets beside China and Indonesia. Given that the Indian market is now realizing the potential in the growth in ATM deployment and management, we are driving and positioning ourselves together with AGS as the innovation leader and the preferred ATM manufacturer and supplier in India, and also to gain a larger market share."
He added, "At the same time we are bringing our innovations such as cash deposit and cash recycling as well as our value add software and service solutions to the Indian market. Most importantly, the team AGS together with Wincor Nixdorf offer end-to-end solutions for the customers in India. At the same time, we strongly believe that banks will further improve their self-service processes with technologies such as cash deposit and recycling solutions."
