White-Label ATM operator in India
Initially there were 8 private entities who entered the White Label ATM business, out of which as of now only four are operative. Following were the initial entities to open white label ATMs
- India1 Payments
- Hitachi Payments Services
- Tata Communication Payment Solutions (Indicash)
- Vakrangee
- SREI
- Muthoot Finance
- AGS Transact Technologies
- RiddhiSiddhi Bullion
White-label ATM
White-label ATM: The concept of white-label ATMs facilitates collaboration between non-banking entities and traditional banks. These ATMs are designed to be interoperable, meaning customers from various banks can use them for transactions. This interoperability enhances accessibility and convenience for users, especially in areas where traditional bank-branded ATMs may be limited.
Table of Content
- What is a White-label ATM?
- Features of White-Label ATM
- Reasons behind the Introduction of White Label ATM by RBI
- Objective of establishing White-label ATM
- White-Label ATM operator in India
- Different types of ATMs which are available in India
- Advantages of White-Label ATMs
- Disadvantages of White-Label ATMs
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