What has been the impact of demonetisation on earnings from the ATM business? Will the revenue from the ATM operations shore up in FY18?
The payment solutions business was adversely affected by demonetisation in Q3. But early signs indicate that the business is steadily getting back on track and the performance will regain momentum with the economy springing back to normalcy. While there will be a shift in consumer behaviour towards other modes of payment, the need for cash in ATMs was adequately demonstrated in the early weeks after the announcement of demonetisation. We believe cash will continue to play an important role in this economy for some more time before we embark on the journey of building a cashless economy.
Going ahead, will the ATM business be non-core? Are you looking at divestment options for your subsidiary — Tata Communications Payment Solutions Ltd?
There is currently no coordinated effort to (Read More)