Key Points
has begun commercial production and manufacturing of banking automation products in its newly opened plant in Chennai..
The new facility marks the cash management and payment services companys foray into manufacture of banking automation products such as ATMs, cash recycler machines, and self-service kiosks...
CMS is Indias largest cash management company based on a number of ATM points and retail pick-up points..
It has three business segments cash management services including end-to-end ATM replenishment services, cash pick-up and delivery, and cash-in-transit services for banks; managed services,including sales, deployment, and maintenance of ATMs, brown label ATM deployment, managed services for bank-owned ATM networks; and tech solutions business including AI-based remote monitoring...
Speaking to businessline, Manjunath Rao, President - Managed Services, CMS Info Systems, said the Chennai facility has the capacity to manufacture 2,000 ATMs per month and it can be scaled up.He added that the new facility will help the company to offer integrated banking automation solutions to its banking clients right from production to deployment to surveillance solutions of their complete ATM ecosystem...
