• ING Vysya Bank becomes the first bank in India to introduce the ‘Self Bank’ concept, as part of its   strategic    initiatives.
• Euronet to deploy 200 ‘Self Bank’ sites for ING Vysya Bank by 2007.
• ING Vysya Bank to join Cashnet, India’s largest shared ATM network in India.

Bangalore, 17th January 2006—ING Vysya Bank has tied-up with Euronet Services India Pvt Ltd, a leading electronic payments provider, to open 200 ‘Self Bank’ outlets across the country, as part of its strategic initiatives.

The 'Self Bank' concept is unique to ING and is being adopted for the first time in India, by ING Vysya Bank. The 'Self Bank' outlets will offer seated kiosk to the clients. The state of the art kiosks are located next to the bank's ATM's, with a secure and convenient service area. This Self Service area is accessible on a 24/7, basis and allows the client to complete the full range of operational service required, such as Balance Enquiry, Statement view and print, Request for a cheque book, PIN change, Request for a demand draft, stop payment, payment of utility bills and Account to account transfer, as also top-ups for pre-paid cards of mobile phones.

The bank has also decided to strategically depute, next to all the 'Self Bank' outlets certified Advisors of ING Vysya Financial Services who would offer Wealth Management Services dealing with both Mutual Funds and Life Insurance. The loan products of the bank and credit cards will also be made available to the prospects. However, each of the 'Self Bank' is linked to a base branch of the bank.

According to the multi year agreement, ING Vysya Bank, has tied up with Euronet, to deploy 200 Self-Bank sites in major cities like Delhi, Mumbai, Hyderabad, etc., across India by 2007, strengthening the bank’s Retail Reach. Euronet will select these sites, install the ATMs and Kiosks and all related equipment, drive the ATMs and Kiosks from Euronet’s Operations Center in Mumbai and provide all of the day-to-day outsourcing services. These services include comprehensive maintenance, network management and monitoring, security, cash forecasting and replenishment, help desk and full reconciliation and settlement services.

In addition to the outsourcing of ‘Self Bank’ outlets, ING Vysya Bank will join Cashnet, India’s largest shared ATM network, which is operated by Euronet and has more than 5300 ATMs. The Bank will also provide Value Added Services to its customers through Euronet, in the form of online mobile phone recharge. Euronet will also provide gateway services to National Financial Switch (set up by IDRBT) and Visa, for ING Vysya Bank. To commence with, the Bank will have 12 'Self Bank' outlets opened at Bangalore in the following three weeks.

Shantanu Ghosh, Country Head - Retail Banking, ING Vysya Bank said, " the banking relationship in the current trends is moving in the direction of freedom and flexibility for the customers to operate accounts. Our 'Self Bank' therefore will meet this need adequately and effectively. Further our partnership with Euronet will not only give us their professional help and management but would enable us to utilise our scarce capital prudently for optimising the resources".

“We are very pleased to work with ING Vysya Bank and look forward to ensuring the success of their innovative Self Bank initiative as a strategic partner,” said Loney Antony, Managing Director, Euronet Services India Pvt Ltd. “With the addition of ING Vysya Bank, we now provide ATM outsourcing services for more than 1,400 ATMs of leading banks in India. We have established a strong and leading presence in the Indian banking industry with our innovative high quality ATM outsourcing and deployment services.”

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, electronic prepaid top-up services to financial institutions, mobile operators and retailers, as well as electronic consumer money transfer and bill payment services. Euronet operates and services the largest pan-European group of ATMs and operates the largest Indian shared ATM network. Euronet is also one of the largest providers of prepaid processing, or top-up services, for prepaid mobile airtime. The company is a licensed electronic money transmitter and bill payment company via Euronet Payments and Remittance, Inc. The company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 218,000 point-of-sale terminals across more than 109,000 retailers in Europe, Asia Pacific, Africa and the U.S. With corporate headquarters in Leawood, Kansas, USA, and 23 worldwide offices, Euronet serves clients in approximately 70 countries. Visit the company's web site at www.euronetworldwide.com.

ING Vysya Bank was formed with the coming together of erstwhile, The Vysya Bank Ltd, a premier bank in the Indian Private Sector and a global financial powerhouse, ING Group, during October 2002. It is a premier private sector bank with 75 years of history, which has been effectively transformed into modern technology driven Indian foreign Bank. With 1.5 million customers, 480 outlets and 6000 employees it is known for its innovative banking services and for pioneering several products and services. ING Vysya Bank’s strength lies in its long-standing relationship with its customers and deep understanding of the Indian market.