By September 17th, 2009 AT 7:27 PM
Rajiv Singh, President, TCBIL
Rajiv Singh, President, TCBIL

Tata Communications today announced its wholly owned subsidiary Tata Communications Banking InfraSolutions Ltd. The compnay claims TCBIL offers Managed Payment Infrastructure as a service to banks.

Mr Rajiv Singh, President TCBIL, quoted “Tata Communications is now expanding its pioneering managed services value proposition to the Indian financial services sector.

Our customers would not need to make upfront investments in channels like ATM, PoS, etc. as we take end to end responsibility of asset ownership, deployment, and maintenance, backed up by our 24*7 operations capabilities.  We have assimilated strong capabilities in various banking infrastructure needs and are well positioned to service the growing needs of banks. Banks can focus on their core functions and investments and partner with us for the management of their infrastructure needs.”

TCBIL addresses a fast growing market according to RBI dataATM deployment in the country is growing @ 56% CAGR.

Only 4% of India’s retail establishment accepts card payment, and only a fourth of this is under the outsourced model, thus presenting a large opportunity for a player like TCBIL. On the banking automation front, over 30,000 branches of Cooperative  & Regional Rural banks are yet to be covered by core-banking systems. The way forward for the Indian banking industry, in its endeavor to increase the penetration and reach of banking services (to the “unbanked”) is the managed services model, working with specialized players for the deployment and management of core infrastructure, ATMs and other transaction processing end-points.

A Happy Geek and a Network Research Engineer with a really cool day job…

Inline Feedbacks
View all comments

Recent Posts

Snapdragon 888, Everything to Know About the Next Flagship Chipset

Snapdragon 888 5G chipset was recently made official by Qualcomm. It will power the flagship devices which will launch in...

BSNL Rs 1,499 Annual Prepaid Plan Comes With 24GB Data and 250 Minutes per Day

BSNL introduced the Rs 1,499 annual prepaid plan a few months ago across several circles in the country. The Rs...

Airtel Increases 4.94% Stake in Bharti Infratel for Around Rs 2,882 Crore

Telecom operator Bharti Airtel has increased its stake in Bharti Infratel by around 5%, the telco confirmed via a stock...