Cadmus Technology said today that it has won an order to supply one of India's largest banks wit... Cadmus opens a door to Indi
Cadmus Technology said today that it has won an order to supply one of India's largest banks with its new Cadmus CM05 “one piece” terminal, as a pilot evaluation of the Cadmus products for that market.
ICICI Bank selected Cadmus' value-added technology as part of an initial pilot which will see the roll out of 1,000 Cadmus terminals to ICICI Banks merchants throughout India.
India is already acknowledged as one of the world's technology and innovation leaders with a commercial market beginning to embrace EFTPOS payment solutions, Cadmus said.
Pat McCammon, director of international sales and marketing for Cadmus said the deal with ICICI Bank is strategically important because it is a first step in gaining access to India's vast EFTPOS terminals market.
“We are very excited to have received the pilot order from ICICI Bank and will work hard to develop this deal into something more substantial. Anecdotally we know all the indicators are that the Indian market will need increasing volumes of EFTPOS terminals over the next few years, so being one of the first companies to meet this demand was always a priority for Cadmus,” says McCammon.
“Cadmus secured the pilot contract in India because we ensured that our EFTPOS terminals had certification via Indian based certification company FSS.
"FSS, based in Chennai, provides services to over 11 other Indian banks, which in turn gives Cadmus further opportunities to develop additional relationships.
“We are now investigating joint ventures and the extension of current relationships to provide localised software development, sales and support capabilities into this market," he said.
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