Euronet Signs ATM Outsourcing Agreement with ABN AMRO Bank in India

Filed in archive Outsourcing News on January 3, 2006

Electronic payments provider Euronet Worldwide, Inc. has signed an ATM outsourcing and deployment agreement with ABN AMRO Bank. The Indian-based bank will outsource its existing network of 90 ATMs to Euronet India.

Under the agreement, Euronet India install new ATMs and related equipment, drive the ATMs and provide day-to-day outsourcing services for the bank's ATMs from its Mumbai center. This also includes network management and monitoring, help desk, and related maintenance.

"As a leading foreign bank in the Consumer Banking space, ABN AMRO will benefit from Euronet's ATM deployment expertise in expanding the bank's network in a short period of time," said Paul Abraham, Chief Operating Officer of ABN AMRO Bank N.V, India & Middle East.

"The concept of outsourcing ATMs to experienced service providers such as Euronet has been well accepted by banks in India and we are very pleased to be leading this progression in the market. The banking partnerships we have established over the last three years in India is testament of our expertise and we are confident that ABN AMRO Bank (India) will benefit from our proven outsourcing solutions," said Daniel R Henry, Euronet Worldwide President and Chief Operating Officer.

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