India ATMs: Banking on convenience
Recognizing the need for more ATMs, a consortium of Indian banks has opened up the business to independent contractors. Numerous private equity-backed enterprises are waiting to swoop
In 1987, HSBC set up India's first automated teller machine (ATM) in Mumbai. Almost all other banks followed suit. Twenty-five years later, the country now has close to 90,000 ATMs, but is still one of...
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