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Wincor Nixdorf Strengthens Its Position in the India IT Market
Published on Oct 08, 2010

Wincor Nixdorf announces that it has strengthened its position in the India IT market posting further key successes with banks and retailers in the country.

For example, the Future Group, one of India’s largest retail companies, has selected Wincor Nixdorf’s retail store software and POS systems. Meanwhile, the first 1,000 ATMs specially developed by Wincor Nixdorf for the India market are currently being delivered to banks across the country.

“As banks and retail companies expand their branch networks and customer offerings across India, we aim to be at the forefront with our innovative IT solutions,” said Eckard Heidloff, CEO of Wincor Nixdorf AG, at a joint press conference with the Future Group in Mumbai. Heidloff noted that Wincor Nixdorf already accounts for nearly 20 percent of all ATMs currently installed in India and 25 percent of the installed POS retail systems.

“The management of our stores based on solid data analysis will be of huge importance to the expansion of our retail business,” Rakesh Biyani, CEO Retail of the Future Group. According to research by the India retailer, the company was able to reduce the amount of time customers spent at the checkout by 75 percent through the adoption of the POS software and hardware systems.

“India is an excellent example of how Wincor Nixdorf can participate in the expansion of developing markets and tap into this significant market potential,” Heidloff said. “In India, we aim to further expand our presence together with our strategic partner AGS Transact Technologies.”**

Vendor name: Wincor Nixdorf
Product type: Banking Systems | Point of Sale | Retail | Retail Banking

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