Friday, March 8, 2019

RBI relaxes norms for white label ATMs

RBI has relaxed business guidelines for white label ATMs (WLA) allowing the WLA operators to source cash directly from banks, offer bill payment and interoperable cash deposit services, display advertisements pertaining to non-financial products/services anywhere within the WLA premises. This relaxation in guideline would increase the scope for earning revenue for WLA operators.

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