NCR Completes Two Decades of Leadership in India
NCR continues to help Indian financial institutions to transform their businesses
MUMBAI, India, October 12, 2016 – NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, celebrates the completion of 20 successful years of operations in India as the country’s leading ATM services provider. Over the past two decades, NCR has reinvented itself to deliver innovations to meet challenges faced by financial institutions to help transform their businesses and continued to work towards the ‘Make in India’ vision of the government of India.
Contributing to the ‘Make in India’ vision NCR has introduced a host of customised innovations for the Indian market including: Kalpana™, the world’s first Android-based enterprise software for ATMs; NCR SelfServ 23, an ATM featuring a modern and contemporary look and feel, with latest ADA multi-touch capability and higher note capacity; ATMs for the visually impaired, amongst a host of other innovations that is ‘Made in India for India.’
According to the latest Global ATM Markets and Forecasts 2021 by Retail Banking Research (RBR) report, NCR continues to lead the India ATM market with 44% market share with over 100,000 ATMs currently deployed. The number of ATMs in India is forecasted to reach around 407,000 by 2021, which would represent growth of over 90% on the 2015 figure of 214,500 and equal a CAGR of 11%.
“NCR has led the re-invention of how consumers and businesses connect with financial institutions backed by its innovative software solutions and omni-channel technologies to create better experiences for customers, while lowering costs and delivering differentiated banking platforms,” said Navroze Dastur, Managing Director, Financial Services, NCR India. “Today’s consumers want digital, seamless, secure and available banking services and NCR is strategically poised to build the infrastructure for the connected economy with broad, stable solutions.”
This approach of constant innovation in market-relevant technology solutions has earned NCR its market leadership position since its entry in India 20 years ago. NCR provides solutions to serve financial services, retail, telecom & technology industries in India.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global 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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Media Contact
Rakesh Aulaya
NCR Corporation
912. 261. 954. 583
rakesh.aulaya@ncr.com
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