American ATM manufacturer NCR has won a contract from State Bank of India (SBI) to install more than 7,070 cash-vending machines.
Under the $50m agreement, the technology vendor will deploy NCR SelfServ 22e ATMs over seven years.
The new ATMs will be equipped with advanced anti-fraud security solution, NCR said.
SBI deputy managing director and CIO Mrutyunjay Mahapatra said: “We are pleased to be associated with market leaders like NCR. This partnership continues to strengthen our ATM channel network of more than 57000 ATMs, of which, NCR has almost half the base supporting more than 4500 locations across India.”
The technology provider further said that SelfServ 22e ATMs support high transaction volumes, make use of low-energy LED lighting and fixed length receipts to reduce power consumption, as well as lower carbon footprint and paper waste.
These ATMs also incorporate self-healing technology that helps recover faster and minimise downtime, while its design makes its convenient to be deployed in rural locations, NCR added.
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NCR India managing director Navroze Dastur said: “The ATM is increasingly becoming a global target for crime, and with SBI’s introduction of NCR SelfServ 22e ATMs, embedded with its proprietary Skimming Protection Solutions (SPS), helps to thwart card data breach and notify attacks in real-time, will help SBI to protect its brand reputation and strengthen consumer loyalty.”