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ATM Machine Market in India 2009-2013
Infiniti Research Limited, March 2010, Pages: 19
An Automated Teller Machine (ATM) is a computerized device that enables banks and its customers to carry out limited financial transactions at public locations; negating the requirement of a manual support. ATM facilitates customers to access their bank and credit card accounts to make cash withdrawals and cash advances (for credit cards), generate account statements, transfer money, and (now a days) make card-less transfer of money. Further, ATMs can be used to deposit cash, pay routine bills, print statements, process cheques , recharge mobile phone, etc.
Advancement in ATM technology has led to newer and better versions of ATM hardware and software. To support differently abled people to transact over ATMs, Braille compatible ATMs are being deployed by banks. Further, talking ATMs, which support voice instructions assist illiterate or differently abled people to transact over an ATM.
The ATM density in India is far lower than that of the other developing countries; however, ATM installation is growing at a rapid pace in the country. This is attributed to Tier II, III and IV cities and other rural areas that are the prime targets of expansion for the bank.
The report discusses the ATM market in India, giving details of the market forecast and segmentation. It also highlights the trends, growth drivers, and challenges of the market, and profiles some of the key vendors of the ATM market in India.
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