After reaching a 52-week high on May 3,
) has won a couple of new deals, which are expected to be
favorable for its share price. This time NCR has won a deal from
the Barclays Bank of Ghana. According to the deal, the bank will
take support from NCR and provide its customers 24-hour access to
its financial services.
The bank has recently installed 29 NCR SelfServ and 34 ATMs
with intelligent deposit, which would ultimately help Barclays'
customers to deposit cash and get an on-screen validation
immediately. Moreover, these ATMs would help in bill payment and
provide a remittance software support, using which the customers
can pay a bill or transfer funds to friends and family.
NCR has won another deal from the ANZ bank of New Zealand. ANZ
Bank New Zealand has started deploying the next-generation teller
cash recycler (TCR) to provide a better banking experience to its
customers. The NCR Cash Recycler 11 quickly accepts and dispenses
cash, which ultimately helps the tellers, allowing them to focus
their attention on the customer rather than counting bank
NCR is gradually expanding its reach across geographies.
Moreover, NCR's position in the ATM and self-service kiosk
segment, coupled with new offerings at regular intervals, are
helping the company strengthen its market position.
NCR's products are helping it to win new deals at regular
intervals. NCR's products offer an array of benefits to end users
and customers. This helps companies improve customer experience
and increase their business efficiencies. This apart, NCR is
reaping the benefits of the ATM upgrade cycle, not only in the
U.S., but also in other countries such as India, China and
Previously, the company secured a large deal from "State Bank
of India" ("SBI") to deploy roughly 600 NCR SelfServ 32
Intelligent Cash Deposit ATMs across India. This is one of the
largest orders made by the State Bank of India for its cash
deposit ATMs in recent times.
Moreover, RBR Research and the ATM industry association
believe that the global ATM space will likely grow at a rapid
rate, especially cash withdrawal services in emerging markets.
The report suggests that ATM cash withdrawals will grow by
The under-penetrated markets of the Asia-Pacific, the Middle
East and Africa are deemed to see the strongest growth. Thus, the
company is making strategic moves to generate more business from
Back home, the ATM and POS market is in duopoly, with NCR the
largest player and
) a strong second.
Currently, NCR has a Zacks Rank #2 (Buy). Investors could also
consider other technology stocks such as
), both with a Zacks Rank #1 (Strong Buy).
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