With about 1,40,000 automated teller machines (ATMs) in the country, and the number rising about 28 per cent a year, India remains one of the most under-penetrated ATM markets. This, coupled with the Reserve Bank of India (RBI)’s move to allow third-party white-label ATMs, has made the sector attractive to India-focused private equity (PE)/venture capital (VC) funds and strategic investors.........
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