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WHITE LABEL ATMS
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%If you are putting fresh money into the market, it might be a good idea to stay with companies that don't have much to do with global suppl...- RBI forms panel to review fee structure for white-label ATMsRBI has set up a review committee to revise the fee structure for white-label ATMs (WLAs) to propose a fair and sustainable model. The comm...
- ATM manufacturers seek higher interchange ratesThe ATM manufacturers argue that the costs of operating ATMs have risen due to factors such as increased interest rates, rupee depreciation...
- White-label ATM leader India1 eyes a slice of fintechIndia1 Payments, in which ICICI Ventures has about 49% stake, is promoted by Australia’s Banktech group. The company plans to leverage its ...
- India1 Payments to look beyond white label ATMsICICI Ventures backed IndiaOne, is poised to transform itself to become a fintech company from being the top white-label ATM services provi...
- 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...
- RBI eases business guidelines for white label ATMsWhite label ATM Operators (WLAO), can now source cash directly from RBI offices and currency chests, and will no longer be dependent on spo...
- 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...
- Without cash from banks, white label ATMs shut downOut of the 2.15 lakh ATMs in the country, only 20% operate in rural areas. White label help banks service a large number of their rural cus...
- DIPP notifies automatic FDI route for white label ATMsWhite labeled ATMs are set up by private non-bank companies that own and operate their own brand of ATMs.
- Cabinet allows 100 per cent FDI under automatic route for white label ATMsThe Cabinet today permitted 100 per cent foreign direct investment (FDI) under the automatic route for white label ATM operations.
- Muthoot Finance to set up 100 white-label ATMs this quarterThe company today inaugurated its first ATM in Chennai, also the 29th in the country, Kerala-based Muthoot Finance said in a statement.
- Muthoot Finance launches white-label ATM in KeralaA white-label ATM is similar to a normal bank ATM with facilities of cash withdrawal and balance enquiry.
- ICICI Venture buys stake for 140 crore in BTI Payments; 'white-label' ATMs to be set upICICI Venture has picked up a strategic stake with a Rs 140-crore investment in BTI Payments-an ATM management company.
- TCPSL plans to rollout value-added productsCurrently, 350 indicash ATMs are operational. The company aims to rollout 15,000 white label ATMs in the country over next three years.
- Federal Bank hires Tata Communications to install 15,000 ATMsPrivate sector lender Federal Bank today said it has tied up with Tata Communications to install 15,000 White-Label ATMs (WLAs) across the ...
- ET in the classroom: What is a 'White-label ATM'?RBI recently allowed non-banking companies to set up white-label ATMs in the country. ET explains how they differ from the usual bank-run c...
- RBI allows non-bank entities with Rs 100 crore networth to own White Label ATMsRBI has decided to allow non-bank entities with minimum net worth of Rs 100 crore to operate ATMs, essentially a banks' domain till date.
- HDFC Bank to go ahead with own ATMsHDFC Bank does not intend to cut on its automated teller machines (ATM) rollout plan in spite of the Reserve Bank giving an in-principle no...
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