FIS to 'More than Double' ATM Deployments in India

By Daniel Wolfe

Published August 20, 2012, 1:28 p.m. EDT

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Updated August 20, 2012, 2:58 p.m. EDT

1 Min Read

Fidelity National Information Services Inc. announced new agreements to deploy and manage more than 5,500 ATMs in India over the next two years.

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The Jacksonville, Fla.-based vendor earlier said it was looking to expand in India. In a conference call last month to discuss second-quarter earnings, FIS' president and chief operating officer, Gary Norcross, said the company is "excited about opportunities to grow our payments business throughout the region, including India, where we currently support nearly 4,000 ATMs."

The newest agreements "will more than double the number of ATMs [FIS] supports in India," said Mark Davey, executive vice president for FIS International Solutions Group, in a press release Aug. 20. "This win is a testament to FIS' ability to leverage our global scale and expertise to solve a local market challenge."

FIS agreed to provide supply, setup and operational services to a consortium of public-sector banks in India.

Interim editor-in-chief, Digital Insurance

Daniel Wolfe is interim editor-in-chief of Digital Insurance and director of data services at Arizent, which publishes DI and American Banker. In... Read full bio

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