White Label Atm

To compensate for the 30-35 percent drop in transactions at these ATMs, the operators are knocking on the RBI’s door to hike the interchange fee to help meet costs and grow

RBI allows non-bank PSPs to participate in centralised payment systems

PSPs include prepaid payment instrument (PPI) issuers, card networks, white label ATM (WLA) operators and trade receivables discounting system (TReDS) platforms.

White label ATM operators allowed to source cash directly from RBI

The RBI also permitted WLA operators to source cash from any bank, including cooperatives and regional rural banks.

White Label ATMs can source cash from retail outlets: RBI

These ATM operators will be solely responsible for the quality and genuineness of currency notes dispensed through their ATMs.

Muthoot enters White-Label ATM space, to invest Rs 300 cr

The Reserve Bank has permitted non-banking companies to set up ATMs, referred to as WLAs, to increase the penetration of the facility across the country.

Muthoot Finance may enter white-label ATM biz

Speaking to CNBC-TV18 on the path ahead, George Alexander Muthoot, managing director, Muthoot Finance, says the white-ATM business segment will help the company gain access to those who are not their customers via gold loans.

Eyeing 9000 White Label ATMs in 3 years: Muthoot Finance

George Alexander of Muthoot Finance told CNBC-TV18 that they had not applied for a banking license yet. He added, that the company will install 9000 White Label ATMs over the next three years.