MICROCAPITAL BRIEF: Wincor Nixdorf Deploys Automated Teller Machines (ATMs) in Bangladesh

Wincor Nixdorf, a Germany-based information technology (IT) provider reportedly has announced it is supplying banks in Bangladesh with automated teller machine (ATM) technology in an effort to increase access to financial services via the self-service channel. According to the company, approximately 330 ATMs have been installed with the help of Wincor Nixdorf’s partner IT Consultants Limited. A total of 500 are expected to be put in place by October 2012. Wincor Nixdorf’s ProCash 280 ATMs, the models that are being deployed in Bangladesh, have embedded portrait and cash slot cameras to provide security for users and banks in the event of disputes over cash-out transactions.

According to Bangladesh Bank, the central bank of Bangladesh, the number of ATMs per 100,000 people in the countryhas increased from 0.09 in 2005 to 1.43 in 2010.
Wincor Nixdorf works in approximately 110 countries and held total working capital of EUR 263 million (USD 338 million) as of 2011.

By Charlotte Newman, Research Associate

Sources and Additional Resources:

Financial Channel: “Wincor Nixdorf Supports Bangladesh With Financial Inclusion,” http://finchannel.com/Main_News/Tech/108546_Wincor_Nixdorf_Supports_Bangladesh_with_Financial_Inclusion/

MicroCapital.org story, May 10, 2012, “MICROCAPITAL BRIEF: Grameen Foundation India Launches Newest Version of Progress Out of Poverty Index,” https://www.microcapital.org/microcapital-brief-grameen-foundation-india-launches-newest-version-of-progress-out-of-poverty-index/

MicroCapital.org story, November 7, 2011, “MICROCAPITAL BRIEF: NCR Corporation Designs ‘Pillar’ Automated Teller Machine (ATM) for Illiterate Users,” https://www.microcapital.org/microcapital-brief-ncr-corporation-designs-%E2%80%9Cpillar%E2%80%9D-automated-teller-machine-atm-for-illiterate-users/

MicroCapital.org story, October 5, 2011, “MICROCAPITAL BRIEF: Bangladesh Bank Issues Guidelines on Mobile Microfinance,” https://www.microcapital.org/microcapital-brief-bangladesh-bank-issues-guidelines-on-mobile-microfinance/

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