Muthoot Smart ATM goes live in Kerala


The Hotel Le Meridian in Maradu Kochi has the unique distinction of having the first Muthoot Smart ATM in its premises.

The initial target was to rollout 100 ATMs by March 31, 2014. However, Muthoot group could roll out 8 ATMs by 31/03/2014.

The target is dot India with 9,000 ATMs in the next 3 years.

The current marketing strategy is to place the ATMs amongst its 4,400 branches spread   over 21 states & 4 union territories of India.

Federal Bank which is the Sponsor Bank for Indicash ATMs is also the sponsor bank for Muthoot Smart ATMs. Federal Bank operating costs will be spread across two White Label ATM Operators’, which is a win-win situation for its shareholders.

FIS Payment Solutions & Services India is the technical partner

Best of luck Muthoot Group

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s