As it looks to expand its existing network of ATMs, ABN Amro Bank in India has engaged in a multi-year ATM outsourcing and deployment agreement with electronic payments provider Euronet Worldwide.
Under the agreement, ABN Amro Bank (India) will outsource its existing network of 90 ATMs to Euronet India. The company has already taken over the operation of the bank’s ATMs and will provide end-to-end ATM outsourcing services from its operations center in Mumbai.
ABN Amro plans to significantly increase its ATM network in India over an 18-month period. According to the agreement, Euronet India will select specific locations which have regulatory approval, install the new ATMs and all related equipment, drive the ATMs, and provide all day-to-day outsourcing services including support and maintenance.
Paul Abraham, COO of ABN Amro Bank India, said, As a leading foreign bank in the consumer banking space, ABN Amro will benefit from Euronet’s ATM deployment expertise in expanding the bank’s network in a short period of time.
Daniel Henry, Euronet worldwide president and COO, also explained that the outsourcing of ATMs to experienced service providers such as Euronet has been well accepted by banks in India and ABN Amro Bank (India) is confident that it will benefit from Euronet’s outsourcing solutions.