India is an under-penetrated ATM market with only 98 ATMs for every 10 lakh of population.
The facility has been branded 'Indicash'. Last month, TCPS secured a licence from the Reserve Bank of India to launch white-label ATM operations, under the central bank's scheme 'B'.
With a confident new generation of innovators, India now has the scale and self-belief to shape its own digital destiny marked by creation, observes Ajay Kumar chairman, UPSC.
The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling.
A representative of the Confederation of ATM Industry said ATM players were not consulted about the move and they received the news via media platforms.
The new service will enable Tata DcCoMo to provide anytime, anywhere electronic talk time recharge, bill payment and other value-added services.
A white-label ATM is similar to a normal bank ATM but is not owned by a bank, instead by a private ATM service provider.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
'When resources are few; when frugality demands repairing a broken thing rather than replacing it with a brand new and expensive option, enterprising commoners in rural and urban India improvise on a daily basis and solve their problems with whatever they have,' observes Shivanand Kanavi.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
If everybody is 'working' from home, then how has TV consumption gone up? Who is making all that gourmet food being posted on social media?
Upgradation to the new product (from Infosys) will stabilise by this month-end
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
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