RBI imposes Rs 6 crore penalty on 4 White Label ATM operatorsIn a release, it also said a penalty of Rs 3 crore has been imposed on Transaction Analysts (India) Pvt Ltd for contravention of certain pr...
RBI to impose penalties on banks for failing to ensure cash availability at ATMs“It has been decided that the banks and White Label ATM Operators (WLAOs) shall strengthen their systems and mechanisms to monitor availabi...
Hitachi Payments on expansion spree, to nearly double white label ATMs by MarchHitachi's aggressive expansion is interesting as the white label ATM business has been in losses since the beginning primarily because of t...
White Label ATM industry hopes to get support from RBI for next round of growthIn its annual report published last week, the Reserve Bank of India (RBI) said that it would comprehensively review the WLA guidelines.
White Label ATMs hope for better days after RBI talks of relooking into their guidelinesThe RBI in its annual report published last week said that it has been decided to review the WLA guidelines comprehensively, particularly f...
ATMs run by private non-banking entities suffering as banks give priority to their own branchesAs banks are giving priority to their own branches and ATM network while manging a limited supply of cash , almost all the 14,000 white lab...
What turns Tata Payment bullish on white label ATMs?TCPL’s Indicash WLA Network has crossed the 8000 ATMs Milestone, with more than 50% year-on-year growth, the company said.
BTI Payments installs 3,000 white label ATMsATM and point of sale terminal handling firm BTI Payments today said it has completed installations of 3,000 white label ATMs (WLA) in Indi...
BTI Payments to open 1,000 more ATMs in 3 monthWhite label ATM operator, BTI Payments plans to add another 1,000 ATMs to its network in the next three months, taking the toal to 4,000.
FDI in White Label ATMs only the first step, say operatorsGovt's approval for 100 per cent FDI under the automatic route in White Label ATMs (WLAs) is the first of many steps to be taken.
Lack of bank sponsors hit white label ATMsPunit Shah, partner at tax and regulatory advisory firm Dhruva Advisors LLP, said higher interchange fee could help growth of WLAs.
White-label ATMs face viability hurdleWLAs are machines deployed by non-banking entities which charge banks a fee whenever account holders transact.
Tata Communications Payment Solutions to install 50,000 ATMs by 2016, aims 100% growthTata Communications Payment Solutions today said it aims to install 50,000 ATMs by 2016 which will more than double its revenue.
Muthoot enters White-Label ATM space, to invest Rs 300 crMuthoot Finance entered into the White-Label ATM space by setting up its first such unit, and plans to invest Rs 300 crore in the next thre...
Tata Communications Payment expects to double revenues this fiscalTCPSL, the payment technology arm of Tata Communications, is expecting to double revenues this fiscal on the back of sustained income from ...
- RBI allows Tata Comm subsidiary to set up white label ATMs
The Reserve Bank has allowed Tata Communications Payment Solutions, a subsidiary of Tata Communications, to set up and operate White Lable ...
- RBI issues draft norms on White Label ATMs owned by non-banks
To accelerate the growth and wider spread of ATMs, RBI issued draft guidelines for permitting non-banking entities to own and operate money...