Daily Archive: July 27, 2018
The report titled “India ATM Market Outlook to 2023 – By ATM Supply, Managed Services (ATM Repair, Maintenance and Other Services, Transaction Processing, Cash Reconciliation Statement, Content and Electronic Journal Management) & Cash Management (ATM Replenishment, CIT, CPD)” provides a comprehensive analysis of India ATM Managed Services market introduction and genesis, market size by revenue, market ecosystem, value chain analysis. The report covers snapshot on India ATM Cash Management Services market, decision making process for India ATM Management Services Market and tender process applicable. The report provides a competition competitive landscape of major ATM Managed Services players including Hitachi Payments, AGS Transact, Diebold Systems, Euronet, EPS, Tata Communications Payment Solution, FIS, FSS, Mphasis Payment Managed Services, NCR, and CMS. Companies which are covered in ATM Cash Management practice include CMS InfoSystem, SIS Prosegur, Brink’s Arya, Writer Safeguard, Securevalue, Logicash and Radiant Cash. In ATM Supply, major companies which are covered include NCR Corporation, AGS Transact, Diebold Systems and Vortex Engineering. The report also covers SWOT analysis, future projections along with analyst recommendation.
Key Target Audiences:-
• ATM Managed service providers
• Cash management companies
• ATM Manufacturers
• White Label ATM Management companies
• Public and Private Sector Banks
• Reserve Bank of India (RBI) and NHB
• ATM Switch companies
• Cash Reconciliation Companies
• Digital Payments Merchants
• VC & PEs, Investment Bankers
• Merchant Bankers
India ATM management services market is at a developing stage. The ATM Managed Services Market is moderately fragmented among top 6-7 players which constituted 60-70% of the revenue share though there are number of smaller players existing in the market. These small players have usually positioned themselves into few of ATM service category.
Assessment of India ATM Managed Services Market: Indian government during August, 2014 has initiated the scheme of opening up of bank account at zero balance under PradhanMantri Jan DhanYojana (PMJDY). This led to expansion in the number of transactions performed in an ATM as debit card users in India increased significantly.
RBI passed the law to increase the penetration of ATMs in rural areas of India to meet the desired aim of financial inclusion which further supported the growth of ATM managed service market. Over the span of last five years, the number of ATMs installed has increased positively at a double digit growth rate during the period FY’ 2013 to FY’ 2018. As of 31st March 2018, Over 80% of the ATMs are being outsourced by the banks as Banks observed that outsourcing an off-site ATM is much more cost effective instead of managing them by the banks.
By Type of ATMs: In India, there are four types of ATMs management including Managed Services, Brown label ATMs, ATMs Completely managed by banks and White label ATMs. Brown Label ATMs has been recorded as the second highest number of ATMs; these ATMs are owned by banks and further deployed to ATM management companies for their management.
On the other side, penetration of White label ATMs in India is quiet low as compared to other ATMs operating in the market. White label ATMs in India have penetration majorly in rural areas as government is encouraging non-banking entities to open white label ATMs in rural areas to reduce the shortage of ATMs and financial services in rural areas of the country.
By Service Offering: ATM managed services market incorporates various services such as ATM repair, maintenance, ATM Site Management, Cash management services, Transaction processing, ATM supply, Cash Reconciliation Statement and Content & Electronic Journal Management.
ATM repair and maintenance services such as (FLM, SLM and other services such as ATM deployment, management and operationalization of ATM) have dominated the market in terms of revenue during FY’2018. However, other services (Transaction Processing, ATM Site Management, Cash Reconciliation, Content & Electronic Journal Management) contributed rest of the percentage in revenue generation during FY’ 2018.
Snapshot on India ATM Cash Management Services
Market Size: The current cash management cycle involves cash pick up from bank, cash movement from the bank to the ATMs’ locations, grading, counting, monitoring ATMs for assessing the level of cash in an ATM, and replenishing cash in the machine accordingly. India cash management services market has increased at a double digit CAGR during the period FY’ 2013 -FY’ 2018. Market attained significant growth during the period FY’2013 – FY’ 2016 due to increase in services offered by the cash management companies such as cash vault services, bullion management, cash processing and others.
Market Segmentation by Services: Cash management service companies (CMC) generates highest share of their revenue through ATM replenishment service. CIT contributed third largest share in generating revenue for the cash management companies in the FY’ 2017. However, CIT service turned out to be the second major contributor in terms of revenue share during FY’2018, due to increase in license of new bank branches during the above period. CPD contributed the third largest share in terms of revenue for the cash management companies due to increase in number of retail touch points.
Competition Scenario: The market of Cash Management services in India is moderately concentrated. There are few players which have global presence while some of the players are in plans to expand towards PAN India level. With expected increase in the FDI in the Cash Management market, it is expected that with the entry of new foreign entrants, the market will become more fragmented in the near future. CMS Infosystem, Writer Safeguard, SIS Prosegur, Securevalue, Radiant Cash, Brink’s Arya, Logicash are some of the major players which constitute majority share of the overall Cash Management Market. Out of these players, CMS Infosystem continues to be the market leader for past 4 years.
ATM Supply Management: The market for ATM Supply and deployment companies is highly concentrated with few players constituting more than two-third of the total share. NCR Corporation, AGS Transact, Diebold Nixdorf, Nautilus, Hitachi Payments, Vortex Engineering and Euronet are the major players in the ATM supply and deployment industry. NCR Corporation is the market leader followed by AGS Transact and then by Diebold Nixdorf in terms of revenue generation.
ATM Managed Services Company: The competition stage of the ATM Managed Service market is moderately concentrated with banks and other non- financial entities following a policy of having at least two vendors for the management of their ATM centers and simultaneously having the best combination of technology and cost efficiency. Hitachi Payments, Tata Communication Payments Solution, Electronic Payments and Solutions, AGS Transact, Fidelity Information Services, Financial Software and Systems are the major players in the industry. The market is dominated by Hitachi Payments followed by AGS Transact in terms of revenue generation during FY’2018.
Future Outlook and Projections:
By Revenue: In the next 5 years, ATM managed services market revenue is expected to increase as the country will benefit from the implemented schemes of Financial Inclusion and Jan Dhan Yojana coupled with the increasing awareness among the population of semi-urban and rural areas for the usage of ATMs. There will be an increase in the demand for Managed Services owing to the increase in the number of ATMs in the country especially in the rural areas. The outsourcing of cash recyclers in the future by the banks will give these MSPs another tranche of revenues streams.
Key Topics Covered in the Report:-
• India ATM Managed Services Market Size (FY’2013-FY’2018)
• India ATM Managed Services Market Overview
• India ATM Managed Services Market Segmentation By Type Of ATMs (Managed Services, Brown Label ATM, Managed By Banks, White Label ATMs)
• India ATM Managed Services market Segmentation By Type Of ATM Machine (Cash Dispensing And Cash Recyclers)
• India ATM Managed Services Market Segmentation By Service Offerings (ATM Repair And Maintenance, ATM Site Management, Transaction Processing, Cash Reconciliation Statement, Content And Electronic Journal Management )
• India ATM Managed Services Market Segmentation By Business Model (Fixed Pay Model And Variable Pay Model)
• India ATM Cash Management Services Market Segmentation By Services (ATM Replenishment, CIT, CPD And Others)
• India ATM Managed Services market Ecosystem And Value Chain Analysis
• Snapshot on India ATM Cash Management Services Market.
• Decision Making Process And Tender Process Applicable In India ATM Managed Services Market
• Trend And Developments In India ATM Managed Services Market
• Issues And Challenges In India ATM Managed Services Market
• Recent Investment Details (Mergers, Acquisition And Partnerships) In India ATM Managed Services Market
• Complete Competition Analysis Including Heat Maps & Strength and Weakness Of The Major Companies.
• Competitive Landscape Of Major Players In India ATM Managed Services Market
• SWOT Analysis Of India ATM Managed Services Market
• Future Outlook And Projections Of India ATM Managed Services Market (FY’2018-FY’2023E)
PM Narendra Modi departs from Air Force Base Waterkloof in Johannesburg. He was in Johannesburg to attend the BRICS summit. #SouthAfrica
PM Narendra Modi departs from Air Force Base Waterkloof in Johannesburg. He was in Johannesburg to attend the BRICS summit.
Protesting the introduction of the National Medical Council Bill, 2017, the Indian Medical Association (IMA) has called for a nationwide strike of outpatient departments of hospitals on July 28.
“Emergency rooms, inpatient wards and other facilities will still be functioning,” said IMA Secretary, Karnataka, Dr B Veeranna to TNM. “We are in full support of the strike.”
The announcement comes in view of protest against the National Medical Commission Bill 2017, which many members of the IMA view as ‘anti-democratic and anti-poor.’
“IMA, fully conscious of its responsibility towards the generations of doctors to come, is withdrawing non-emergency medical services across the country on Saturday, July 28, 2018, from 6 am to 6 pm,” read a press release issued by IMA.
Dr Veeranna further added that introduction of the NMC, when the Medical Council of India (MCI) was in place was redundant and did not take into consideration the best interests of the general public. “The NMC is not people or profession friendly, it favours a private college system and more exams will certainly be brought into place,” he added.
The NMC would replace the 83-year-old Medical Council of India (MCI) and would allegedly interfere with the medical education system.
IMA National President Dr Ravi Wankhedkar was outspoken about the NMC Bill and said that the government is attempting to take control over how the medical profession is run and completely dismissed the idea of the same.
The press release further stated that, “The Bill has a draconian character which will cause irreparable damage to the interests of all the stakeholders and would reduce down regulatory mechanism to a puppetry with its strings attached to the government.”
While outpatient clinics will be shut down for the full 12 hours, emergency services will still be available.
(With IANS inputs)
ICICI Bank Ltd, India’s third-largest lender by assets, reported a surprise first-quarter net loss on Friday on higher provisions for bad loans and treasury losses. The bank made a net loss of Rs 120 crore ($17.47 million) in the three months to June 30, compared with a profit of Rs 2,049 crore a year earlier, it said in a statement. Analysts on average had expected a net profit of Rs 1,462 crore, according to Thomson Reuters I/B/E/S.
Gross bad loans as a percentage of total loans was 8.81 per cent at the end of June, compared with 8.84 per cent at the end of the previous quarter and 7.99 per cent a year earlier.
The results come amid uncertainties around the bank’s long-serving Chief Executive Chanda Kochhar, who is on leave as a probe continues into alleged nepotism charges against her.
ICICI Bank, which holds the highest amount of bad loans among the country’s private-sector lenders, added Rs 4,036 crore in additional non-performing loans during the quarter, taking its total outstanding to Rs 53,465 crore.
Even if the bad loan additions in the June quarter were the slowest in 11 quarters, the bank said it had to make higher provisions for ageing non-performing loans and cases in bankruptcy court, leading to the net loss.
Total provisions more than doubled from a year earlier to Rs 5,971 crore with the bank not availing a central bank dispensation of spreading bond losses over four quarters.
Shares in ICICI Bank closed with a gain of 2.3 per cent ahead of the earnings announcement.
Reliance Industries on Friday reported a record net profit of Rs 9,459 crore for the April-June period. The energy conglomerate had registered a net profit of Rs 9,108 crore for the quarter ended June 2017, which included exceptional items worth Rs 1,087 crore representing profit from divestment of stake in Gulf Africa Petroleum Corporation. Revenue for the three-month period ended June 30, 2018 stood at Rs 1.41 lakh crore, 56.5 per cent higher compared with Rs 90,537 crore in the year-ago period.
"We continue to focus on strong delivery through operational excellence in our portfolio of businesses. Financial results of 1Q FY19 underscore the strength of the petrochemicals we have reinforced over the last investment cycle. Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins," said chairman and managing director Mukesh Ambani.
"Refining business performance remained steady despite the seasonal weakness in cracks. Continuing strength in global demand for oil products and implementation of more stringent environmental norms for marine fuels augurs well for our refining business," he said.
Reliance Jio posted a third straight quarterly net profit, as its cut-price plans continued to bring in more customers. Reliance Jio Infocomm, or Jio, posted a profit of Rs 612 crore ($89.15 million) in the quarter ended June 30, versus Rs 510 crore in the previous quarter.
On a standalone basis, Reliance Industries’ profit – which includes the Indian oil-to-retail conglomerate’s refining, petrochemicals and oil and gas exploration and production businesses – was Rs 8,820 crore versus Rs 8,196 crore a year ago. The standalone number excludes retail and telecom operations. That compared with an average estimate of Rs 8,643 crore from 10 analysts, according to Thomson Reuters.
Shares in Reliance Industries ended 1.6 per cent higher at Rs 1,128 on the NSE, ahead of the earnings announcement by the company.
(With agency inputs)