NCR Corp. (NCR) recently unveiled a comprehensive bill pay solution for the telecom companies operating in the Middle East and Africa (MEA). This new Self-Serv Bill Pay kiosk is vital for telecom operators seeking greater market share and increasing return on investments.
This comprehensive solution will include a complete range of hardware and software support along with a managed services payment solution. The kiosks will also feature SIM (Subscriber Identity Module) card dispensing capabilities. End users will enjoy prompt bill payment, swift top-up services as well as SIM card purchase.
Deployment of these kiosks could free up telco staff from over-the-counter transactions to focus on more complex customer needs. This would in turn increase customer satisfaction and inspire loyalty.
The MEA happens to be one of the fastest growing competitive markets in the world. NCR has noticed the mass frenzy for multiple SIM cards at a time, as well as the growing demand for bill payout and SIM cards in this region. Successful deployments by telco operators will help NCR grab a bigger market share and generate substantial revenue.
NCR is now focusing more on the emerging regions. Recently, the company entered into a strategic alliance with Scopus Tecnologia for manufacturing and developing ATMs in Brazil. Per this deal, Scopus will acquire a 49.0% equity stake in NCR Manaus, NCR’s Brazilian manufacturing and engineering operations. Concurrently, Banco Bradesco S.A. (BBD) made NCR its preferred ATM provider through an agreement. The bank placed an initial order of 6,000 machines and announced plans to buy up to 30,000 machines over five years.
This strategic alliance will add value to the company’s existing business and will strengthen its presence in Brazil. According to a recent study published by Retail Banking Research, the ATM market in Brazil is expected to increase by 27.0% through 2015.
NCR posted decent second quarter results based on strong geographic performance with notable strength in the BICMEA (Brazil, India, China, Middle East and Africa) region. We believe that growing exposure in Brazil and MEA will pump up revenue significantly.
We are also encouraged by the fiscal year guidance, and believe that the company is well positioned to deliver solid momentum across all its businesses.
Currently, NCR Corp. has a Zacks #2 Rank, which translates into a short-term Buy rating.
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