Cashnet - Revision history

Aryakin2022: minor update

2025-02-22T00:41:48Z

minor update

← Older revision		Revision as of 06:11, 22 February 2025
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	{{~~refimprove~~\|date=December 2016}}		{{Short description\|Interbank network in India}}
	{{Use dmy dates\|date=~~October 2015~~}}		{{more citations needed\|date=December 2016}}
			{{Use dmy dates\|date=February 2025}}
	{{Use Indian English\|date=October 2015}}		{{Use Indian English\|date=October 2015}}
	{{Infobox Interbank Network		{{Infobox Interbank Network
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	\| owner = Euronet India		\| owner = Euronet India
	}}		}}
	'''Cashnet''' is an [[interbank network]] in [[India]] managed by Euronet Services India Pvt. Ltd. which is a subsidiary of [[Euronet Worldwide]].		'''Cashnet''' is an [[interbank network]] in India managed by Euronet Services India Pvt. Ltd. which is a subsidiary of [[Euronet Worldwide]].

	Banks can join the Cashnet shared ATM network whereby each member ~~banks’~~ cardholders can perform transactions at other member ~~banks’~~ ATMs. Member banks will allow their customers to perform transactions at other member banks [[Automated teller machine\|ATMs]] ("Issuing Bank") and allow other member ~~banks’~~ cardholders to perform transactions at their ATMs ("Acquiring Bank"). All member banks are expected to be both Issuing Banks and Acquiring Banks.		Banks can join the Cashnet shared ATM network whereby each member banks' cardholders can perform transactions at other member banks' ATMs. Member banks will allow their customers to perform transactions at other member banks [[Automated teller machine\|ATMs]] ("Issuing Bank") and allow other member banks' cardholders to perform transactions at their ATMs ("Acquiring Bank"). All member banks are expected to be both Issuing Banks and Acquiring Banks.

	Euronet India provides the central switching and processing centre for the shared ATM network by establishing a host-to-host connection to each member bank, facilitating daily settlement between each participant and providing settlement reports. Switching and gateway services to international card organisations such as Visa, MasterCard, Amex and Diners Club will be provided.		Euronet India provides the central switching and processing centre for the shared ATM network by establishing a host-to-host connection to each member bank, facilitating daily settlement between each participant and providing settlement reports. Switching and gateway services to international card organisations such as Visa, MasterCard, Amex and Diners Club will be provided.
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	* [[CashTree]]		* [[CashTree]]
	* [[MITR ATM Sharing Network\|MITR]]		* [[MITR ATM Sharing Network\|MITR]]
	* [[BANCS]]		* [[Banks ATM Network and Customer Services\|BANCS]]


	==References==		==References==
			{{Portal\|Banks}}
	{{Reflist}}		{{Reflist}}

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	[[Category:Interbank networks in India]]		[[Category:Interbank networks in India]]


	{{Asia-bank-stub}}		{{Asia-bank-stub}}
	{{India-econ-stub}}		{{India-econ-stub}}

CleanupBot II: Removed empty portal template using script

2023-08-13T20:10:15Z

Removed empty portal template using script

← Older revision		Revision as of 01:40, 14 August 2023
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	==References==		==References==
	~~{{Portal\|Banks}}~~
	{{Reflist}}		{{Reflist}}

>Citation bot: Alter: url. URLs might have been internationalized/anonymized. | You can use this bot yourself. Report bugs here. | Suggested by AManWithNoPlan | All pages linked from cached copy of User:AManWithNoPlan/sandbox2 | via #UCB_webform_linked

2020-10-02T01:38:43Z

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{{refimprove|date=December 2016}}
{{Use dmy dates|date=October 2015}}
{{Use Indian English|date=October 2015}}
{{Infobox Interbank Network
| name = Cashnet
| logo =
| area = Worldwide
| foundation =
| members = 14
| atm = 10,700
| owner = Euronet India
}}
'''Cashnet''' is an [[interbank network]] in [[India]] managed by Euronet Services India Pvt. Ltd. which is a subsidiary of [[Euronet Worldwide]].

Banks can join the Cashnet shared ATM network whereby each member banks’ cardholders can perform transactions at other member banks’ ATMs. Member banks will allow their customers to perform transactions at other member banks [[Automated teller machine|ATMs]] ("Issuing Bank") and allow other member banks’ cardholders to perform transactions at their ATMs ("Acquiring Bank"). All member banks are expected to be both Issuing Banks and Acquiring Banks.

Euronet India provides the central switching and processing centre for the shared ATM network by establishing a host-to-host connection to each member bank, facilitating daily settlement between each participant and providing settlement reports. Switching and gateway services to international card organisations such as Visa, MasterCard, Amex and Diners Club will be provided.

==History==
The [[Reserve Bank of India]] (RBI) has granted the following approval on 8 April 2003. Cashnet was officially launched in Mumbai on 21 May 2003, and is the first Independent nationwide-shared ATM network in India.

Cashnet is India's largest private shared ATM network with [[IDBI Bank]] acting as the Settlement Bank.<ref>{{cite book |url=https://books.google.com/books?id=BpaLMHqSQRMC&q=cashnet+euronet+india&pg=PA59 |title=The Remittance Market in India: Opportunities, Challenges, and Policy Options |page=59 |isbn=9780821389348 |author=Gabi Afram |date=2012 |publisher=World Bank}}</ref>

==Members==
The network has 14 member [[bank]]s with an approximate network strength of 10,700+ ATMs. The member banks of Cashnet are:

*[[Axis Bank]]
*[[Barclays Bank]]
*[[Citibank]]
*[[Corporation Bank]]
*[[Dena Bank]]
*[[Deutsche Bank]]
*[[Development Credit Bank]]
*[[Dhanalakshmi Bank]]
*[[HDFC Bank]]
*[[HSBC]]
*[[IDBI Bank]]
*[[ING Vysya Bank]]
*[[Standard Chartered Bank]]
*[[Kotak Mahindra Bank]]

==Competitors==
* [[CashTree]]
* [[MITR ATM Sharing Network|MITR]]
* [[BANCS]]

==References==
{{Portal|Banks}}
{{Reflist}}

==External links==
* [http://www.cashnetindia.com Cashnet India]

{{Banking in India}}
{{interbank networks}}

[[Category:Interbank networks in India]]

{{Asia-bank-stub}}
{{India-econ-stub}}