In a major initaitive to boost Automated Teller Machine penetration in tier III to VI centres in India, the Reserve Bank of India has permitted non-bank companies to set up, own and operate White Label ATMs in the country. The RBI has also encouraged more non-bank players to enter the ATMs industry by permitting WLA Operators to buy wholesome cash, …
India1 Payments Limited has received a perpetual licence from the Reserve Bank of India to set up, own and operate white label ATMs in India. India1 Payments Limited recently crossed the milestone of 10,000 White Label ATMs and has an installed base of 10,710 ATMs. India1 Payments Ltd. deployed over 3,000 new ATMs in the calendar year 2021 and this …
Mumbai: In a bid to help expand the reach of financial services to the last mile, the Union Budget 2022 announced bringing 1.5 lakh post offices into the core banking system, and setting up digital banking units in 75 districts, to mark 75 years of Independence, by scheduled commercial banks. “In 2022, 100 per cent of 1.5 lakh post offices …
Working under the theory of financial inclusion, a Haryana-based fintech company has launched a self-service ATM to cater to the needs of rural India. Ltd, which also operates Malaysia, Singapore, Thailand, Hongkong and Dubai apart from India, recently launched Mego ATM. The Mego ATM is also enabled with AEPS biometric where people can check their balance and transfer money directly …
