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, …
New Delhi: White Label ATMs are expected to drive ATM spread across India with a greater focus on tier III to VI centres, said Union Minister of State for Finance, Bhagwat Kisanrao Karad, in a written reply in Rajya Sabha on Tuesday. To expand ATM access in the country, the Reserve Bank of India has granted permission to non-bank entities …
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 …
