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After a gap of six to eight months, public sector banks (PSBs) have geared up to establish 60,000 more Automated Teller Machines (ATMs) across the country over the next two years. The state-owned lenders had put their ATM expansion on hold as a centralised outsourcing model was being worked out by a committee appointed by the government.

ATM machine manufacturers and payment service providers will be participating in the bidding process, being led by six major PSBs — State Bank of India, Punjab National Bank, Union Bank of India, Bank of India, Bank of Baroda and Canara Bank.

“This will be a completely outsourced model. The requirements for 22 regions across India have been clubbed into 16 bidding circles,” said a senior official from a payment service provider company.

At BankseCorner Payment Services, we are a team of highly dedicated individuals with a passion for providing best in class payment services and a commitment to excellence. Our team consists of industry experts who have architected and built, innovative and secure payment platforms that have contributed to the rapid growth of electronic payment channels in the country. Founded in 2008, we have seen steady growth with currently over 35,000 ATMs, over 1,90,000 POS devices and over 20,000 MPOS devices under management as on 31st March 2015. With over 50 satisfied banks and over 1,80,000 bank’s customers serviced by us, we are the No. 1 payment services company in India.