EPS acquires 100% stake in CISB ATM services – Feedback

Electronic Payment and Services Ltd. (EPS) acquires a 100% stake in CISB ATM services Pvt. Ltd. (CIS Bureaus Facility Services Pvt. Ltd.), making it a wholly owned subsidiary of EPS.

“This strategic decision opens doors for fresh business objectives, newer initiatives and innovative payment solutions thus catering to expanding banking needs on a national level,” said Mani Mamallan, founder of EPS, “The subsidiary will focus on ATM deployment and related services and we plan to expand our ATM services portfolio to 15,000 machines by 2017 to support banks in reaching the unbanked.”

http://economictimes.indiatimes.com/industry/banking/finance/banking/eps-acquires-100-stake-in-cisb-atm-services/articleshow/50759090.cms

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