Electronic Payment & Services: Pioneers of India's ATM Revolution

For more than two decades, ATMs have reshaped India's banking landscape. At the forefront of this revolution is Electronic Payment and Services (P) Ltd, led by Prakash Joshi, the company's Chief Operating Officer. Mr. Joshi's visionary approach and extensive experience have propelled EPS to the forefront of innovative ATM services, addressing the financial needs of both the underbanked and unbanked masses.

Leadership with Decades of Experience

Mr. Joshi brings over 25 years of hands-on experience in the ATM business, enriched by overseas training and workshops. His expertise is the driving force behind EPS's commitment to becoming a leading provider of cost-effective banking terminals (ATMs) and establishing a reliable electronic payment network.

A Trusted Partner in Retail Banking Technology

EPS has emerged as a leading player in retail banking technology and Automated Teller Machine (ATM) services. With a collective employee experience spanning 150 years, EPS offers comprehensive ATM outsourcing operations and managed services, enabling banks to focus on their core functions.

Core Values

EPS values strong client relationships built on transparency, fairness, trust, and respect. Understanding and meeting client needs is central to their teamwork, exemplifying their commitment to integrity and excellence.

Innovations and Milestones

EPS, headquartered in Mumbai with over 180 dedicated employees, has a history of pioneering initiatives in the Indian ATM and payments industry. They achieved several milestones, including the installation of India's first ATM for HSBC in 1987 and the introduction of the first shared ATM network, 'Swadhan,' by India Switch Company in 1997.

Empowering Financial Inclusion

Under Prakash Joshi's leadership, EPS has deployed over 5,000 ATMs across 28 Indian states, supporting the Ministry of Finance mission to drive financial inclusion. Their commitment to rigorous market research ensures ATM placement in high-traffic areas.

EPS introduced a revolutionary Pay-Per-Use transaction-based revenue model, differing from fixed monthly rentals for ATM outsourced services. This innovation set new standards in the global ATM and payments systems space.

Recognitions and Awards

EPS's exceptional methodologies and innovative practices earned them recognition, including the 'ATM Consultant of the Year 2015' award by Consultants Review, India. They were also honoured as 'India's Most Trusted Brand in 2015' in the category of 'India's Best Electronic Payment Services.'

EPS acquired 100% stake in CISB ATM Services Pvt. Ltd and now operates as EPS ATM Services Private Limited. Their achievement of deploying over 5,000 ATM machines in record time garnered an Achievement Award from Hughes Communication

Social Responsibility

While delivering value to clients remains a top priority, EPS is equally committed to giving back to society. They actively contribute to the development and well-being of the underprivileged through partnerships with reputable NGOs across India, making a meaningful difference in people's lives.

EPS continues its journey of growth and impact, empowering individuals and communities at the grassroots level and striving to elevate living standards across the nation.