ABN AMRO, India, Euronet, ATM, Outsourcing
Euronet signs ATM outsourcing agreement with ABN AMRO Bank India
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Euronet Worldwide, Inc., a leading electronic payments provider, announced a multiyear ATM outsourcing and deployment agreement with ABN AMRO Bank, a leading multinational bank in India. ABN AMRO Bank has eight decades of business experience in India.
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. Additionally, ABN AMRO Bank also plans to aggressively increase its ATM network in the country over an 18-month period subject to regulatory approval. Under 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 for the bank's ATMs. This will include network management and monitoring, help desk, and related maintenance.
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