CMS Info Systems Wins ₹400 Crore ATM Management Contract with HDFC Bank
CMS Info Systems bags Rs 400 crore HDFC Bank ATM management mandate
The Economic Times
Image: The Economic Times
CMS Info Systems has been awarded a ₹400 crore (approximately $48 million USD) contract by HDFC Bank to manage 6,000 ATMs over the next five years. This contract includes comprehensive services such as currency forecasting and cash logistics, further enhancing CMS's portfolio in the banking sector.
- 01CMS Info Systems receives a ₹400 crore contract from HDFC Bank.
- 02The contract covers management of 6,000 ATMs for five years.
- 03Services include currency forecasting and cash logistics.
- 04CMS has prior partnerships with major banks like ICICI and State Bank of India.
- 05This contract expands CMS's influence in the ATM management sector.
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CMS Info Systems, a prominent player in the ATM management sector, has secured a significant contract worth ₹400 crore (approximately $48 million USD) from HDFC Bank to manage 6,000 ATMs over the next five years. This integrated ATM managed services contract encompasses a range of solutions, including currency forecasting, cash logistics, and artificial intelligence-led service optimization. CMS Info Systems has previously collaborated with other major banks such as ICICI Bank and the State Bank of India, indicating its strong foothold in the banking services industry. The new mandate further solidifies CMS's position as a key provider of ATM management solutions in India.
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This contract will enhance ATM service efficiency for HDFC Bank customers, potentially reducing wait times and improving cash availability.
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