E-PaperWhite Label Atms News
Things to keep in mind when carrying out transactions through white label ATMs
ATMs set up, owned and operated by non-banks are called white label ATMs and are authorized under the Payment and Settlement Systems Act, 2007, by the RBIUsing these ATMs is similar to using an ATM of a bank other than the bank where you have your account. So as long as you are within your free ATM transaction limit, you will not be charged
2 min read21 Mar 2019FDI for white-label ATMs may aid Jan Dhan Yojana, but hurdles remain
Experts say that given the hurdles that have plagued the growth of the WLA segment, it remains to be seen if there will be any significant traction
2 min read11 Sep 2015White Label ATMs struggle to stay afloat
Low fees and limits on free cash withdrawals render the non-bank ATMs business model unviable
4 min read23 Mar 2015Four entities get RBI certificates to set up white label ATMS
Tata Communications Payment, Muthoot Finance, Prizm Payment Services and Vakrangee get certificate of authorization to operate the ATMs
1 min read7 Feb 2014De-jargoned: White label ATMs
These are ATMs that are mandated to be set up by NBFCs and will not have any bank branding
2 min read13 Sep 2013Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared