ELECTRONIC PAYMENT AND SERVICES
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Established in 2011, Electronic Payment and Services (EPS) specializes in retail banking and technology domain and manages end-to-end ATM operations by helping the banks to concentrate on hard-core banking. EPS's business strategy involves market penetration through outsourced ATM services, Points of Sale outsourcing, switching for payment processing and related technology infrastructure services. EPS aims to become one of the leading service providers of electronic banking and payment services. EPS is founded by professionals who have been part of the retail, banking, oil and technology space for more than a decade. Together EPS senior management have 30 years of retail payments experience and have been in the forefront of various new initiatives in the country for the last decade or so.
What is our funding objective?
EPS has been awarded a tender to deploy over 5,000 ATMs in the state of Maharashtra on behalf of the Public Sector Banks. The capital will be used to fund the capital expenditures associated with this tender and to bring innovations to the current business.
Why do we fund this investment?
In terms of FMO's strategy, the transaction fits well within the goal of creating financial inclusion, as ATM deployment is seen as a key driver of financial inclusion for the large unbanked portion of the population.
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 11/20/2013
- End date
- 3/1/2016
- Total FMO financing
- INR 330.00 MLN
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C