Enterprise IT vendor IBM India announced its seven-year deal with BTI Payments to transform its IT infrastructure.
IBM said the size of the IT infrastructure deal will be $40 million. Top players in the Indian IT infrastructure space include HPE, Dell, etc.
BTI Payments, a White Label ATM (WLA) operator, runs over 3000 “India1” branded White Label ATMs.
IBM will offer managed services solution to BTI Payments to deploy and manage an incremental 4,000 Automated Teller Machines (ATM) across the country. IBM’s solution will manage, monitor and maintain the ATM Infrastructure providing BTI better visibility and control of its operations and enabling its maximum efficiency.
In February 2014, BTI Payments received a license for WLA deployment to drive ATM penetration in rural India.
BTI Payments aims to expand its network of India1 ATMs. The target of RBI is to have 9,000 ATMs by March 2017.
IBM will take up the maintenance and service of ATM assets, including feasibility, supply and installation, performance monitoring, availability management, reporting and analysis.
K Srinivas, MD of BTI Payments, said: “This tie-up with IBM will help us build a resilient ATM infrastructure providing improved availability through centralized monitoring, thus enabling us to scale operations and build an agile technology environment.”
“IBM has relationships in the financial services segment and has understanding of the business challenges and dynamics of this vertical,” said Sanjay Khare, country manager – Technical Support Services, GTS, IBM India / South Asia.