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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, …

White label ATMs set to drive ATM spread in tier III to VI centres: Karad

The Reserve Bank of India has provided the Renewal of Authorization to Vakrangee Ltd, said the company on Monday. The central bank has extended the validity of authorization issued to Vakrangee to setup, own and operate White Label ATMs in India. The company currently operates 6,283 White Label ATMs and 77 per cent of these are in Tier 4 and …

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 …