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White-label ATMs from Tatas in remote places soon

The Reserve Bank of India has recently authorised four non-bank entities for setting up and operating White Label ATMs (WLAs) including Tata Communications Payment Solutions, Prizm Payment Services......

Investors home in on mobile payment firms

Investments by private equity and venture capital firms into the mobile payment solutions segment in India have seen a notable growth in the recent past. Going forward, this is expected to go up......

White-label ATM rollout in slow lane

In mid-2013, the Reserve Bank of India had given an in-principle nod to about six companies to roll out white-label automated teller machines, or ATMs owned and operated by non-banking entities, in......

Union Bank to outsource work for 1,000 ATMs

Public sector lender Union Bank of India plans to outsource work for the installation and upkeep of 1,000 ATMs as part of its plans to scale up alternative channels for business operations.Through......

Axis Bank inks largest ATM outsourcing deal

In what is the largest ATM outsourcing deal in the country, Axis Bank has entered into an agreement with two third-party service providers to increase its ATM count to more than 9,000 within the......

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