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Cash logistics business is on the cusp of change as digital payments soar

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How SBI will benefit from multi-vendor ATM software

How SBI will benefit from multi-vendor ATM software
SBI is the largest commercial bank in terms of assets, deposits, branches, customers, and employees.Premium
2 min read
CMS Info Systems deploys Multi-vendor software (MVS) across 40,000 ATMs of SBI
SBI has the largest network of more than 22,000 branches in India with an ATM / CDM network of nearly 58,000
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State Bank of India (SBI), India’s largest Public sector bank, has moved its entire ATM network to a Multi-vendor Software (MVS) solution implemented by CMS Info Systems (CMS), India’s leading Payment Solutions Company. This is a 7-year contract worth over ₹500 crore for CMS. ....

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Cash is still king in small cities, but not in metros - The Hindu BusinessLine

Cash is king in towns, even as metros go digital
Surabhi
Mumbai |
Updated on
February 12, 2021
According to experts, over the next few years, cash in circulation will grow in line with GDP growth as India is a predominantly cash economy
According to experts, over the next few years, cash in circulation will grow in line with GDP growth as India is a predominantly cash economy×
CMS Info data show cash use in urban area hit by the pandemic, lockdown
Cash continues to be king in most small cities and towns even as the dependence on hard currency has dipped in metro cities. ....

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CMS Info Systems to invest Rs 200 crore; set up 3,000 SBI ATMs by March

CMS Info Systems to invest Rs 200 crore; set up 3,000 SBI ATMs by March
The outsourced model or Brown Level ATM (BLA) is managed by the service provider on behalf of bank
PTI | January 6, 2021 | Updated 09:51 IST
CMS Info Systems will set up 3,000 ATMs by March for State Bank of India (SBI) as the country s largest lender looks to expand the outsourced model. The outsourced model or Brown Level ATM (BLA) is managed by the service provider on behalf of bank. Most of these ATMs are offsite ATMs.
CMS has received mandate from SBI for a deployment of 3,000 ATMs. As a part of the term sheet, CMS will select the site, deploy ATMs, provide cash management services, regular maintenance, and upkeep of ATMs, CMS Info Systems President Manjunath Rao told . With this, he said, total number of BLAs under CMS Info Systems would increase to 5,000. He said the company would invest Rs 200 crore for putting up new ATMs and hire 2,000 employees for managing these sites. ....

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