November 30, 2015, 14.45 PM IST || Pocket News Alert
India, November 30, 2015 – Electronic Payment and Services (P) Ltd., a leading retail banking technology and payments service provider has been awarded as one of India’s Most Trusted Brand Awards 2015 in the category of ‘India’s Best Electronic Payment Services’ by IBC InfoMedia Pvt. Ltd., a division of USA TV News Corporation, USA.
EPS manages and operates ATMs of most of the leading public sector banks in India. With over 5000 ATM deployments occurring across the nation, it also specializes in centralized Managed Services, thus catering to business objectives of the banks.
Speaking on the occasion, Mr. Prakash Joshi, Chief Operating Officer of EPS said “We are delighted to accept this prestigious award, and are humbled by the fact that EPS’s vast services are being recognized widely. This is a recognition of excellence which further enhances business focus and corporate growth, thus creating a strong brand value and presence in the entire ecosystem. We aim to venture into microfinance, thus enabling India’s mission under PMJDY in the near future by extending our work in more remote, rural areas of the country. Financial inclusion can play a huge role in the development of India, and we hope to capitalize on that. Banks depend on us for insight of how to penetrate the market and get good returns on their investments. Once again, we are honored to be recognized on such a big platform for the work we do in the field of ATM management and its processes.”
With a continued commitment and zeal to achieve organizational goals and objectives, EPS offers efficient and secure products and services in the banking landscape. In order for ATMs to maximize transactions, EPS conducts a thorough market research to determine a location with highest footfalls. Mr. Joshi explains “EPS can play a considerable role in achieving the Digital India initiatives, by keeping in mind the required technological changes that are to come. Traditional banks are organized around money in branches. Their thinking, their technology, their incentive systems, their knowledge about customers are all structured around branches and product lines. To become digital, banks have to focus on electronic platforms and data as their core and branches as secondary. To get to an integrated electronic platform, banks need to replace their old core systems.”
“India's Most Trusted Brand Awards believes that it can provide tremendous service by identifying those which have maintained the highest standards of product integrity and brand development”, said Mr. Hemant Kaushik (CEO) IBC InfoMedia Pvt Ltd and President of India’s Most Trusted Brand Awards Council.
Electronic Payment and Services (P) Ltd. is a leading payment system company founded in 2011 by veterans from the Banking, Technology, and Retail industry. EPS is headquartered in Mumbai, the financial hub of India and was launched to bridge the gap in demand for efficient, secure and technology driven products and services for the banking industry. EPS specializes in the retail banking & technology domain and is highly adept at end-to-end Automated Teller Machine (ATM) Operations & Outsourcing Services as well as a holistic range of ATM Managed Services, thereby enabling banks to concentrate on core banking functions.
The company’s team of specialists and professionals driving EPS have more than 150 years of combined industry experience in the retail payment sector and have pioneered various initiatives in the ATM & Payments industry in India i.e. 1st ATM installed in India in 1987, 1st shared ATM network ‘Swadhan’ by India Switch Company in 1997, 1st of its kind transaction based ATM business model for Brown Label ATMs in India, deployed the 1st live ATM in Mumbai for the Ministry of Finance Project in July 2012 etc.
EPS has built a firm reputation on delivering results, reliability and dependability of our business services and commitment for excellence to a majority of Public Sector Banks across the country and established its project execution skills by successfully deploying over 4200 ATMs in urban and rural locations, in union with the Ministry of Finance (Govt. of India) led mission for Financial Inclusion and Pradhan Mantri Jan Dhan Yojana (PMJDY) Scheme in India in 2012.