Do you know what White Label ATM is???????? White Label ATM or White Label Automated Teller Machines or WLAs in India will be owned and operated by Non Bank entities. From such White Label ATM customer from any bank will be able to withdraw money, but will need to pay a fee for the services. These white label automated teller machines (ATMs) will not display logo of any particular bank and are likely to be located in non traditional places. (data by facebook/ cnaonweb). On 14th February, 2012, RBI has issued DRAFT guidelines and asked the comments of the bankers and public in this regard. Non-bank entities should have a minimum net worth of Rs 100 crore as per the latest financial years audited balance sheet, which is to be maintained at all times.Non-bank entities that intend setting up, owning and operating ‘White Label ATMs’ (WLAs) would service customers of banks in India, based on the cards (debit/ credit/prepaid) issued by banks, the RBI said. (Data by facebook)
Posted on: Sun, 06 Oct 2013 01:51:00 +0000
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