In response to the Reserve Bank of India’s decision to permit banks to raise ATM withdrawal charges, Vishal Maru, Global Processing Head at Financial Software and Systems (FSS), shared the following views:
“The Reserve Bank of India’s decision to permit banks to raise ATM withdrawal charges is an encouraging move. This increase will help banks and service providers alike, as the additional revenue stream can offset the escalating costs of maintaining and securing ATM networks, especially amid rising inflation and technology demands. It’s an opportunity to reinvest in infrastructure, making ATMs more reliable and efficient. For solution providers like us at FSS, it’s a catalyst to partner with banks, deploying cutting-edge innovations that enhance functionality, security, and customer experience.”
