white-label ATM operators Current Affairs, GK & News

India1 Payments installed 10,000 white-label ATMs

India1 Payments has crossed a milestone on deploying 10000 white-label ATMs, which was called as “India1ATMs”. Key Points India1 Payments is IPO-bound and is promoted by the Banktech Group of Australia. It was formerly known as BTI Payments. With the deployment of 10000 ATMs, India1 Payments has become the largest player in this segment. India1 ..

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RBI Sets up Committee to Review ATM Charges

The Reserve Bank of India (RBI) has set up a committee under VG Kannan, Chief Executive Officer of the Indian Banks’ Association for giving a fillip to ATM deployment in unbanked areas. Terms of Reference for the Committee Reviewing the existing structures and patterns of costs, charges and interchange fees for ATM transactions. Reviewing the ..

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RBI Eases Business Guidelines for White Label ATMs

The Reserve Bank of India (RBI) has eased business guidelines for white label ATMs. These new guidelines increase the avenues of revenue earning for the white label ATMs. What are White Label ATMs? Automated Teller Machines (ATMs) set up, owned and operated by non-bank entities are called White Label ATMs. These White Label ATMs provide ..

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