Keeping companies fully operational during these unprecedented times is top priority for FIS: Mahesh Ramamoorthy
The government has launched one of the largest-ever cash transfer schemes, including the deposit of over Rs 30,000 crore into the account of Woman Jan Dhan account holders, as well as Rs 5,000 crore into the linked accounts of 8 crore poor households with LPG connections provided under ‘Ujjwala.’
This is expected to add pressure on ATMs lead by cash withdrawals from customers. Mahesh Ramamoorthy – Managing Director, APMEA, Banking Solutions, FIS explains that how the company is providing support to the ecosystem in ensuring adequate cash levels at ATMs.
‘Keeping companies fully operational during these unprecedented times is top priority for FIS. We are closely working with Banks and Cash Replenishment Agencies (CRAs) to ensure adequate cash levels at ATMs. The team is constantly monitoring and taking actions regarding cash replenishment at ATMs. Our employee’s safety and health is our utmost priority, while a majority are working from home, strict precautions are in place for people working on the ground, these include strict compliance of social distancing and sanitization norms.’