Current Affairs · Corporate Contracts
In September 2025, regarding the developments at India Post Payments Bank (IPPB), which of the following statements is/are accurate about the ATM replacement contract? 1. IPPB awarded the contract to CMS Info Systems to replace 1,000 ATMs after the bankruptcy of its previous vendor, AGS Transact Technologies. 2. By March 2025, CMS Info Systems managed about 47% of all outsourced ATMs in India and operated 65,000 retail touchpoints. 3. The total ATM network in India decreased by 4% to over 208,063 ATMs by July 2025, highlighting rapid expansion in the sector.
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