Friday, June 22, 2012

Approval for White Label ATMs


 The Reserve Bank of India,  released  the final guidelines on "White Label Automated Teller Machines (WLAs)" in India. White Label ATMs are ATMs set up, owned and operated by non-bank entities incorporated in India under the Companies Act, 1956. Till now, only banks were permitted to set up Automated Teller Machines (ATMs) as extended delivery channels. 

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