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 India's
largest bank, State Bank of India and the largest wireless service provider,
Reliance Infocomm, have tied up for CDMA wireless connectivity for 100 ATMs
across the country. This is the largest migration of ATMs in wireless
connectivity mode and marks an important milestone in the banking and wireless
communication fields.
The agreement follows the
successful pilot installation of a few ATMs by State Bank of India using
Reliance Infocomm's wireless connectivity over the last four months. SBI, on
February 9, had deployed India's first floating ATM in a ferry that transports
people and vehicles to Kochi from Vypeen, a nearby island in Kerala, using
Reliance Infocomm's wireless connectivity.
"The CDMA-based wireless
connectivity solution enables quick deployment of ATMs by banks, apart from the
advantage of rolling out a nationwide network of wireless ATMs that are secure
and cost-efficient. Unlike VSAT-based connectivity, which banks traditionally
rely on, the CDMA solution eliminates the need of rooftop rights and the
resultant delays. Reliance Infocomm's CDMA-based wireless connectivity scores
over other ATM connectivity options on counts like speed of deployment, mobility
and cost," said an official of the SBI.
"We are proud to partner
with the State Bank of India in bringing the benefits of world-class technology
to India. With its decision to deploy wireless ATMs across the country, SBI has
emerged as the leader in new generation banking practices that take advantage of
the latest developments in information and communication technology. We hope to
introduce more such innovative solutions that will help Indian enterprises to
offer world-class services to their customers," said Kishore, head, Finance
Vertical, Reliance Infocomm Ltd.
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