Netherlands based firm Asia Participation BV has invested Rs 33 cr in Mumbai based ATM payment solutions company Electronics Payment and Services (EPS). The company operates ATMs for several banks.
In total, the company has raised Rs 53 cr from Aavishkaar until now. (source)
The company operates different business lines including ATM outsourcing, transaction processing, POS Ousourcing and Terminal maintenance. It also provides services like card, cash, infrastructure and consumables management.
This is the third such investment to happen in the POS and ATM management space in India the last few weeks. Recently Japanese technology company Hitachi acquired Prizm Payment Services, a Chennai based ATM & POS system provider backed by Sequoia Capital, Axis Bank and Winvet Holdings.
ICICI Ventures paid Rs 140 crore to acquire a strategic stake in Bangalore based BTI Payments, an ATM management subsidiary of Australia based Banktech Group, earlier this month.