Corporation Bank, a leading Indian public sector bank,
has joined Cashnet, the largest independent shared ATM
network in India. Corporation Bank's 590 ATMs are now
linked to Cashnet's 1600 ATMs. Cashnet has been promoted
by Euronet Services Pvt Ltd
Worldwide operates the largest independent Pan-European
ATM network and is a leading provider of Electron distribution
or top-up service for prepaid mobile airtime. It provides
secure electronic transaction solutions, outsourcing and
consulting services, integrated EFT software, network
gateways and electronic top-up services to financial institutions,
mobile operators and retailers. These solutions enable
customers to access personal finances and to perform secure
payment transactions any time, any place.
Cherian Varghese, Chairman and Managing Director, Corporation
Bank, while launching this facility disclosed that it
would add another 410 ATMs to its network. The Bank has
already introduced various IT enabled products and services
and has recently introduced the innovative LIC premium
payment facility through its ATMs all over the country.
Cashnet, the bank now intends to introduce an additional
facility to enable its customers to refill their prepaid
Mobile Phones through Euronet's Mobile top-up capability.
Antony, Managing Director, Euronet Services India Pvt.
Ltd said, "Corporation Bank has been in the forefront
of offering value added services to its customers. It's
a win-win situation for both
the organizations. For Euronet's Cashnet, it adds to the
growing number of banks and their ATMs, thereby providing
incredible value to the member Banks".
of reports on Corporation Bank