State Bank of India Chooses NCR to Execute Country’s Single Largest ATM Order
SBI will deploy 7,070 NCR SelfServ™ ATMs equipped with the latest anti-fraud security solutions to help expand the bank’s reach in India
MUMBAI, India, October 31, 2016: NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that State Bank of India (SBI), the country’s largest financial institution, has awarded NCR with the single largest order of ATMs in India. As part of this agreement, which is valued at more than $50 million USD to be executed over the next seven years, NCR will deploy 7,070 SelfServ™ 22e ATM’s, software solutions and provide services support to help SBI further expand its network in the country to reach its financial inclusion goals.
“We congratulate NCR on securing this order and helping us expand our ATM network in India,” said Mrutyunjay Mahapatra, Deputy Managing Director and CIO of SBI. “We are pleased to be associated with market leaders like NCR. This partnership continues to strengthen our ATM channel network of more than 57000 ATMs, of which, NCR has almost half the base supporting more than 4500 locations across India.”
According to the World Bank, as many as two billion people worldwide are underbanked. In India, more than 233 million people have never been to a bank, and just 74,000 of the nation's 600,000 villages have access to a bank.
“This win reiterates SBI’s confidence in NCR’s ability to handle large complex projects and the trust they place in our technology and services to be a partner-of-choice in their vision of providing banking services to the vast un-banked population in India,” said Navroze Dastur, Managing Director of NCR India. “The ATM is increasingly becoming a global target for crime, and with SBI’s introduction of NCR SelfServ 22e ATMs, embedded with its proprietary Skimming Protection Solutions (SPS), helps to thwart card data breach and notify attacks in real-time, will help SBI to protect its brand reputation and strengthen consumer loyalty.”
The SelfServ™ 22e, was conceptualized and ‘Made in India’ specifically for the Indian market and is intuitively designed to handle high transaction volumes and its compact design makes it easier to be deployed in rural locations. This ATM’s uses low-energy LED lighting and fixed length receipts to minimize power consumption, reduce carbon footprint and paper waste, making it a valuable asset in both achieving environmental goals and reducing total cost of ownership.
The unique self-healing technology of SelfServ 22e helps to recover faster and reduce downtime from hours to minutes making the ATMs available around the clock.
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.
Web sites: www.ncr.com | www.ncrsilver.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation
Media Contact
Rakesh Aulaya
NCR Public Relations
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