Euronet Worldwide, a leading US-based electronic payments provider, has announced a multiyear ATM outsourcing and deployment agreement with Centurion Bank, a private sector bank in India.
Under the agreement, Centurion Bank will outsource its entire network of 152 ATMs to Euronet India. The company will take over the operation of the bank’s ATMs within the next 60 days and provide end-to-end ATM outsourcing services from its operations center in Mumbai.
This agreement will include the full range of day-to-day outsourcing services, including transaction processing, network management and monitoring, security, cash forecasting and replenishment, help desk, incident management, maintenance and full reconciliation and settlement services. Furthermore, Euronet will also be providing ATM outsourcing services for any new ATMs that are deployed by Centurion Bank.
In addition to ATM outsourcing services, Euronet will provide shared ATM networking services to Centurion Bank through its Cashnet network, the largest nationwide multilateral shared ATM network in India, comprising nine member banks with more than 3,500 ATMs across the country.
With the addition of Centurion Bank, Euronet now has ATM outsourcing contracts with seven leading private sector/multinational banks in India, said Daniel Henry, Euronet Worldwide’s president and COO.
We are committed to building our business in Asia-Pacific, and will continue to make further investments enabling financial institutions in the region to outsource their ATM infrastructure to Euronet.