Electronic Payment And Services (P) Ltd., a leading retail banking technology and payments service provider has been awarded India’s Best ATM Services Provider” by the Elets 3rd Financial Inclusion & Payment Systems Summit (FIPS) 2015. The summit was an initiative of India’s Premium Magazine on Banking & Finance Post Magazine.
EPS manages and operates ATMs of most of the leading public sector banks in India. With over 5000 ATM deployments occurring across the nation, it also specializes in centralized Managed Services, thus catering to business objectives of the banks while contributing to the government’s goal of financial inclusion and reaching the unbanked population in India.
Speaking on the occasion, Mr. Mani Mamallan, Founder, Chairman & Managing Director of EPS, said “It’s great to see that EPS’s initiatives and vast services are being recognized widely. We are pleased to accept this coveted award, as this is an acknowledgment of brilliance and trust which further improves business and corporate growth. We intend on backing India’s central mission under PMJDY by amplifying our work in more remote areas of the nation. It is estimated that about 40 percent of Indians do not have access to formal financial services. For us, extending affordable banking and payment solutions to this unbanked population is an avowed goal. Banks rely on us for understanding of how to infiltrate the business sector and maximize profits on their ventures. I would like to thank the institution once again, as we are humbled to be recognized on such a platform for the work we do in the field of ATM management.
With a prolonged interest to achieve organizational goals and objectives, EPS offers efficient products and services in the banking landscape. Mr. Mani Mamallan explains “The Digital India vision under the new Financial Inclusion project provides intensified impetus for further momentum and progress for e-Governance. This would promote inclusive growth that covers electronic services, products, devices, manufacturing and job opportunities. To ensure that the unbanked population has access to basic financial services, our country needs technology disruption in the financial services space, which includes assisted ATMs, mobile technology, mobile wallets and other services. EPS aims to capitalize on this tremendous initiative, by keeping abreast with all the changes that are to come. Banks will gradually move to electronic channels where a transaction is more economical and moreoverthe inter-bank ATM networks facilitate the use of ATM cards of one bank at the ATM(s) of other banks for basic services like cash withdrawal and balance enquiry. Going digital doesn’t have to mean millions in new investment, dollars or sudden upheaval in IT. Substantial investment will no doubt be necessary in some areas, but in general, banks need to leverage these opportunities and capitalize in these targeted ways.”
“Elets Financial Inclusion & Payment Systems Summit (FIPS) believes that as a platform, it extends insight into the broader governance, IT priorities and initiatives, allows one to build relationships through exclusive network settings, forge and diversify partnerships with governments, businesses and other organizations, and also capitalize on innovation opportunities and make intelligent, informed IT investment choices”, said Dr. Ravi Gupta, Editor- in- chief & CEO Elets Technomedia Pvt Ltd`.