India1 Payments has crossed a milestone on deploying 10000 white-label ATMs, which was called as “India1ATMs”. India1 Payments is IPO-bound and is promoted by the Banktech Group of Australia. It was formerly known as BTI Payments. India1 ATM has become the second-largest white label ATM brand on semi-urban and rural areas. With the deployment of 10000 ATMs, India1 Payments has become the largest player in this segment.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
White-Label ATMs:
The Automated Teller Machines (ATMs) which are set up, owned and operated by non-bank entities are known as “White Label ATMs” (WLAs). Non-bank entities which are incorporated in India, under the Companies Act 1956, are allowed to run WLAs. Non-bank entities are allowed to set up WLAs across India, after getting authorisation from the apex bank, under the Payment & Settlement Systems (PSS) Act, 2007.
Important takeaways for all competitive exams:
On June 1, 2025, Lt General Dinesh Singh Rana assumed charge as the 18th Commander-in-Chief…
In a major initiative to bolster financial literacy and investor protection, the Investor Education and…
Millets are small grains that are very healthy and easy to grow. They need less…
The Financial Services Institutions Bureau (FSIB) has recommended Asheesh Pandey as the new Managing Director…
In a significant leadership transition, Rajiv Memani, Chairman and CEO of EY India, has officially…
In a decisive move to safeguard public health, the Karnataka government has amended the Cigarettes…
![](data:image/svg+xml;charset=utf-8,<svg height="225px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
