Article · Regulation
White Label ATMs in India: guidelines (RBI)
Reserve Bank of India · rbi.org.in Free Intermediate India
The RBI's 2012 guidelines that let non-bank companies, authorised by the RBI, set up and run ATMs. Only these white label operators can put an ATM in your shop; an individual cannot own one.
- An 'ATM franchise' is a hosting deal with an RBI-authorised white label operator.
- Check the company is authorised before you sign anything.
- The operator, not you, owns the machine and the bank connection.