Tata Communications has finally marked its foray into the fast-growing managed banking infrastructure solutions segment through a subsidiary, Tata Communications Banking InfraSolutions (TCBIL).

The company will offer managed payment infrastructure services to banks with a basket of products like, ATM, point of sale, internet banking, mobile banking and core banking solutions among others.

Apart from this, the company also proposes to bring in machines which can even be installed in areas where there is no electricity and can be powered with solar energy.

The shares of Tata Communication closed today at Rs 485 on BSE.