CMS Info Systems Bags IPPB Contract to Replace 1,000 ATMs of DOP
CMS Info Systems Bags IPPB Contract to Replace 1,000 ATMs 🏦
New Delhi: CMS Info Systems, one of India’s leading cash management and ATM service providers, has secured the contract to replace 1,000 ATMs for India Post Payments Bank (IPPB).
This development comes in the backdrop of AGS Transact’s bankruptcy, which opened the opportunity for CMS to step in and expand its ATM footprint.
📊 CMS Info Systems’ Market Reach
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The company now manages 73,000 ATMs across India.
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This represents 47% of all outsourced ATMs in the country, making CMS a dominant player in the sector.
💡 Industry Trend
Banks in India are increasingly shifting towards fixed-cost contracts for ATM management, ensuring predictable expenses and streamlined operations. CMS Info Systems’ growing portfolio aligns well with this trend, strengthening its leadership position.
🔑 Key Takeaway
With the IPPB deal, CMS Info Systems consolidates its role as the largest outsourced ATM service provider in India, enhancing ATM availability and reliability for customers nationwide.
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