Indian Banks Plan Deployment of 17,350 ATMs with Strong Focus on Cash Recycling Technology
Published on: Jan. 13, 2026, 6:12 a.m. | Source: scanx.trade
Indian banks are planning aggressive ATM deployment with RFPs for 17,350 machines over six months to Q1 FY27, led by major state-run banks. The strategy emphasizes cash recyclers (75% of installations) over conventional ATMs to improve efficiency and reduce costs. This expansion follows 2025 market disruption from AGS Transact's collapse, accelerating technology adoption and vendor migration.
