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 Retail ATM Giant acquires stake in IndiaPay to enter Indian Market- Retail ATM Giant acquires stake in IndiaPay to enter Indian Market
- January 03, 2013
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India's Financial Services sector is booming due to new initiatives by Indian government and the Reserve Bank of India to bring financial reforms. It has opened doors to vast market of burgeoning billion plus population by allowing foreign investment in various sectors including financial services.
India has less than 150,000 ATMs deployed across the whole country for a billion plus population. The average ATM does about 300 transactions per day in India. There is vast scope and market for ATM service providers.
IndiaPay which proudly calls itself "India's Payment Superstore" manages reliable and secure ATM and mobile payments infrastructure across India's heartland. Recently, South Korea's largest banking equipment manufacturer Hanmega and group company Genmega, Inc. acquired stakes in...
- View more at: http://www.1888pressrelease.com/retail-atm-giant-acquires-stake-in-indiapay-to-enter-indian-pr-447179.html
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