NCR continues to lead the financial services industry in India with innovative technologies that provide exceptional customer experiences
Mumbai, March 16, 2017 – NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that its state-of-the-art manufacturing facility at Mahindra World City, in Chengalpet, Chennai has achieved the unique distinction of having produced 200,000 ATMs since the facility’s inception in 2002. This manufacturing facility not only meet India’s domestic market requirements, but significantly contributes to exports.
According to RBR Research’s ‘Global ATM Market and Forecasts 2017’ report, NCR continues to lead the ATM market with over 45 percent share. India currently has a little over 225,000 ATMs and of these, more than 50 percent i.e. about 122,000 ATMs are NCR ATMs. NCR’s omni-channel solutions continue to empower financial institutions (FIs) in India to unlock amazing experiences and grow efficiently.
“This accomplishment reflects the committed efforts of our team at NCR, the support we receive from FIs in India and the government’s vision of promoting domestic manufacturing initiatives,” said Navroze Dastur, managing director, NCR India and South Asia. ”The ATM suite we offer is not limited to cash withdrawal and deposits but also includes ATMs that act as 24×7 available mini bank branches. Our ATM portfolio caters to tech-savvy urban customers and extends to reach villages across rural India to enable financial inclusion”.
India is a growing economy with over 65 percent of the population under the age of 35. The country’s young workforce is well travelled, qualified; with high disposable income and has a voracious appetite for technology. This is driving India to become the world’s fifth largest consumer market by 2025.1
“We are immensely proud to have attained the unique distinction of having manufactured 200,000 world-class ATMs at our India manufacturing facility which is indeed an unparalleled accomplishment,” said C Santhakumar, senior operations director, Manufacturing and Quality for NCR India. “Thanks to the enormous talent pool in India, its strategic location and the additional capacity of our state-of-the-art facility, NCR is in a great position to introduce innovative omni-channel technologies to give today’s time-compressed consumers the freedom to determine not just what services they wish to consume, but exactly how they wish to consume them.”
NCR continues to stay committed to India with service and support centres in over 260 locations, covering about 4,500 contact points in India alone. With its team of over 3,500 professionals, NCR continues to transform into a “hardware-enabled, software-driven” business. The team at NCR’s Hyderabad R&D facility strives to ensure that innovation remains a continuous and unabated process.