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TonyIndo

11,401 Posts.

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29/11/16

09:23

Post #: 20952005
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Originally posted by TonyIndo ↑

Hi Steve,

These are White Label ATMs (WLA) throughout India. On the 11/11/16, the company highlighted that the White Label ATM Deployment with SREI rollout continues, with deployment now underway (pilot of 50 WLA) in 6 Indian states for a total of 9,000 WLA. Remember, SREI's intentions were to have 500-700 WLA online by the end of this year. Refer to link below.
http://www.financialexpress.com/ind...to-deploy-500-700-atms-by-end-of-year/372627/

This is why I've been saying all along that I am happy for them to take as much time as needed for getting this trial right. They nail this trial and imo it opens up a massive gap and opportunity in India as there are only approximately 14,000 WLA throughout the country.

Also of note is that on the 11/11/16, TSI India highlighted that they received an in principal approval from BTI (White Label ATM Operator) to create an integrated solution (first of a kind solution for the industry) for monitoring devices such as Power back up solutions and digital video recorder monitoring. TSI did not specify numbers. There are also plans to create incident tickets on existing managed service platforms currently used by TSI to monitor the ATMs of BTI. This new system is also planned to be rolled out across 3,500 of TSI India's managed ATMs.

Hope this helps.

Tony

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More on BTI...

http://www.huffingtonpost.in/2016/1...ving-rural-india-hasn-t-seen-any-cash-for-ov/

Tony

TSN Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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Near term items, page-78

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