cash leads to extra costs of running an ATM if the ATM is outsourced. In cases where the bank is operating the
ATM, they generally outsource the ATM for this service so that cash flow can be maintained efficiently.

Content and Electronic Journal Management

The least amount of revenue is generated through content and electronic journal management services as banks
generally manage these services on their own. If banks outsource an ATM, the amount charged for this service
is approximately lower than that of other services. The majority of the ATM managed companies focus on
providing repair and maintenance services to the banks along with content and electronic journal management
services to broaden their services portfolio and widen their presence in the market.

Competition Scenario in India’s ATM Managed Services Market

The following table sets forth the heat map of major players operating in India’s ATM Managed Services
Market:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ArMs | Maintenance of ATM | aru am oo
Heat Map Eqninnent (First Line Maintenance Managed Replenishment (RCM) or
Supply : on : Services nel con m {Cash Pickup
Second Line Maintenance) Transit ei

and Delivery
AGS Transact v v f & a
Brinks x xX x af vf
CMS Info System X v v v v
Diebold Nixdorf v v df x x
Euronet x Z ¢. x x
FIS x v if: x x
FSS x v v x x
Hitachi Payments v v Va x x
NCR Corporation v v # x x
OKI v x x x x
SIS Prosegur x Xx x v4 v
TCPS v v v x x
Writer Corporation x v4 ft é v
Hyosung v a x x

 

Note: 7 indicates company provides that service. x indicates that company does not provide that service.
Source: India ATM Market Outlook to 2026, Ken Research, August 2021.

India’s ATM Managed Services Market Future Outlook and Projections

The following table sets forth future projections for the number of ATMs and outstanding debit cards during
financial years 2022 to 2026:

 

 

 

Parameters FY2022 FY2023 FY2024 FY2025 FY2026
Number of ATMs 217,000 220,600 224,300 228,100 232,000
Outstanding Debit Cards (in Millions) 976.3 1,093.2 1,114.2 1,213.8 1,291.5

 

 

 

 

 

 

 

 

Source: India ATM Market Outlook to 2026, Ken Research, August 2021.
Note: The total number of ATMs exclude white label ATMs.
The following table sets forth future projections for (financial) transactions in millions, for financial years 2022

to 2026:

 

 

Parameters Fyv2022_| Fv2023_| Fv2024_| Fv2025 | _Fv2026
Total Financial Transactions in | 7 355.9 8,458.3 9,219.5 9,966.3 10,683.9
Million

 

Average No. of Financial
Transaction per ATM/Dai 92.9 105.0 112.6 119,7 126.2
Source: India ATM Market Outlook to 2026, Ken Research, August 2021.
Note: The transactions mentioned above exclude white label ATMs.

 

 

 

 

 

 

 

 

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