NCR Attains Inimitable Distinction of Manufacturing 2 Lakh ‘Made in India’ ATMs
NCR continues to lead the financial services industry in India with innovative technologies that provide exceptional customer experiences
CHENNAI, India, March 15, 2017 – NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that its state-of-the-art manufacturing facility at Mahindra World City, in Chengalpet, Chennai has achieved the unique distinction of having produced 200,000 ATMs since the facility’s inception in 2002. This manufacturing facility not only meets India’s domestic market requirements, but significantly contributes to exports.
According to RBR Research’s ‘Global ATM Market and Forecasts 2017’ report, NCR continues to lead the ATM market with over 45 percent share. India currently has a little over 225,000 ATMs and of these, more than 50 percent i.e. about 122,000 ATMs are NCR ATMs. NCR’s omni-channel solutions continue to empower financial institutions (FIs) in India to unlock amazing experiences and grow efficiently.
“This accomplishment reflects the committed efforts of our team at NCR, the support we receive from FIs in India and the government’s vision of promoting domestic manufacturing initiatives,” said Navroze Dastur, managing director, NCR India and South Asia. ”The ATM suite we offer is not limited to cash withdrawal and deposits but also includes ATMs that act as 24x7 available mini bank branches. Our ATM portfolio caters to tech-savvy urban customers and extends to reach villages across rural India to enable financial inclusion”.
India is a growing economy with over 65 percent of the population under the age of 35. The country’s young workforce is well travelled, qualified; with high disposable income and has a voracious appetite for technology. This is driving India to become the world’s fifth largest consumer market by 2025.1
"We are immensely proud to have attained the unique distinction of having manufactured 200,000 world-class ATMs at our India manufacturing facility which is indeed an unparalleled accomplishment,” said C Santhakumar, senior operations director, Manufacturing and Quality for NCR India. “Thanks to the enormous talent pool in India, its strategic location and the additional capacity of our state-of-the-art facility, NCR is in a great position to introduce innovative omni-channel technologies to give today’s time-compressed consumers the freedom to determine not just what services they wish to consume, but exactly how they wish to consume them.”
NCR continues to stay committed to India with service and support centres in over 260 locations, covering about 4,500 contact points in India alone. With its team of over 3,500 professionals, NCR continues to transform into a “hardware-enabled, software-driven” business. The team at NCR’s Hyderabad R&D facility strives to ensure that innovation remains a continuous and unabated process.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
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News Media Contact
Rakesh Aulaya
NCR Public Relations
912.2619.5483
rakesh.aulaya@ncr.com
Notes
- According to a report by McKinsey Global Institute (MGI) titled The Bird of Gold: The Rise of India's Consumer Market
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
michael.nelson@ncr.com
Scott Sykes
NCR Corporation
scott.sykes@ncr.com