NCR Corp. has introduced new SelfServ Select Edition Cash and Select Edition Recycle ATMs in the Indian market. The small-footprint machines are meant to help financial institutions expand their reach to the nearly 20 percent of Indians who are unbanked, according to a press release.

Select Edition ATMs are powered by NCR’s intuitive CxBanking software that encompasses physical and digital banking channels to allow FIs to connect consumers with cash while providing greater levels of security, improved uptime and ease-of-use, the company said. Additionally, a biometric recognition feature ensures easy and secure consumer authentication in rural areas facing literacy challenges.

“Financial inclusion is emerging as a new paradigm of economic growth that plays a major role in driving away poverty from the country by reaching and serving the undeserved,” Jose Resendiz, a vice president and general manager at NCR, said in the release. “The new ATMs will allow financial institutions to modernize their ATM network, improve customer experience and extend their reach to serve areas where cash demand is strong.”

NCR SE Recycle ATMs enable consumers and small business to make accurate and secure real-time cash deposits. Combined with the NCR OptiCash cash management and forecasting solution, the device will help FIs improve ATM availability and reduce cash-handling and CIT costs, and the amount of idle cash in ATMs, the release said.

NCR intros small-footprint ATM, cash recycler models for Indian market