Thursday, June 19, 2014

BTI Payments eyes grocery, telecom shops to install white label ATMs

.......The company, which holds the RBI licence for 9,000 white label ATMs, is making elaborate arrangements to install 1,000 units this fiscal. White label ATMs are not owned by banks and are just cash-dispensing machines. “We have set our eyes on Tier II, III and smaller cities and found that grocery stores, telecom shops and photocopying facilities are the ideal places to install ATMs as a lot of activities revolve around them,” .....

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