Yes Bank partners with First Data in ATM plan

India’s Yes Bank will increase its
ATM network from an existing 93 to over 3,000 by 2015 after it
signed a Memorandum of Understanding with merchant processor First
Data for an “innovative ATM deployment programme”.

Under the terms of the deal, First Data will
use its extensive ATM capabilities to help Yes Bank identify new
ATM locations – particularly in high-density consumer locations –
as well as providing installation and management services. Yes Bank
plans to have expanded its network to 500 ATMs by the end of
2010.

The bank is already in the middle of a branch
expansion programme which will see it increase its outlets from 117
as of March 2009 to 250 by the end of 2010 and to 750 by 2015
(see RBI 612).

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