Barclays Global Retail Bank (GRB) India has announced that its ATM network has been linked to the National Payments Corporation of India’s (NPCI) National Financial Switch (NFS), India’s largest network of shared ATMs, which connects over 55,000 ATMs across 38 banks nationwide. Barclays is only the second foreign bank, after Standard Chartered Bank, to join this network.
Being a part of NFS, Barclays will now be able to acquire transactions of all NFS member banks. This is in addition to all Cashnet and VISA member bank transactions that it could acquire in the past. In a significant development, this association with NFS will also provide Barclays customers access to the ATM networks of other NFS member banks.
Suvrat Saigal, Director Consumer Banking, Barclays GRB India commented, “Barclays is committed to enhancing customer experience. The association with NFS will considerably increase our customers’ access to ATM networks across the country thereby providing for a far more satisfying banking experience, especially for the vast number of our customers who are on the move. We will continue to work toward meeting the needs of our chosen customer base and look forward to sharing many more such initiatives during the course of the year.”
NFS is managed by NPCI and experiences an average of 2.7 million ATM transactions per day. NPCI has rapid expansion plans and will include at least 10 more banks in its network during F.Y.2010 - 11.
About Barclays:
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people. Barclays moves, lends, invests and protects money for over 49 million customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com
