Results for tag: "White Label ATM"

White Label ATMs (WLAs) are automated teller machines (ATMs) that are owned and operated by non-bank entities. These entities are typically independent companies that have been granted permission by the Reserve Bank of India (RBI) to install and operate ATMs. WLAs are typically located in areas where traditional bank-owned ATMs are not available, such as rural areas, small towns, and remote locations. WLAs are also used to provide banking services to unbanked and underbanked populations. WLAs are typically cheaper to install and operate than traditional bank-owned ATMs, and they offer a range of services such as cash withdrawals, balance inquiries, and bill payments. WLAs are also more secure than traditional ATMs, as they are equipped with advanced security features such as biometric authentication and encryption. Some of the companies in the White Label ATM market include Tata Communications Payment Solutions, Muthoot Finance, Euronet Worldwide, and FSS. Show Less Read more