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White label ATM operators allowed to source cash directly from RBI

RBI has eased business guidelines for white label ATMs operators enlarging their scope of revenue earnings. The central bank has allowed these companies to source wholesale cash directly from the central bank, offer non-banking services like bill payments and even advertise non financial products in their premises. Non-banking entities that set up, own and operate ATMs on behalf of the banks are called "White Label ATM Operators" (WLAO).

Read More at Moneycontrol News date : 8 Mar 2019, Friday

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