CashLink in talks with 3 state-run banks to sell cash dispensers

THE FINANCIAL EXPRESS

CashLink Global Systems Pvt Ltd, the hardware and services arm of the HMA group, is in talks with three public sector banks to supply its Teller Cash Dispenser (TCD). The company has deployed its TCDs in private banks including Deutsche Bank, Yes Bank and HDFC.

CashLink has introduced the dispensers in association with UK-based currency printer Talaris, which manufactures the product. “With the introduction of TCDs in India, the company is popularising the concept of ‘making tellers into sellers,’” said Harish K Murthi, CMD, CashLink.

TCDs will relieve the tellers and customers of counting currencies during transactions, giving tellers more time to interact with customers, he said. This would improve efficiency of the teller and boost productivity, he added. Tellers can now be empowered in marketing banking products and services, strengthen customer relationship and hence build a better brand rather than spending time counting, verifying, storing and managing currency, he added.