2023
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Hitachi
|
|
|
State ATM
|
|
|
Tata Communications Payment Solutions
|
|
|
Vakrangee
|
Detailed explanation-1: -RBI has extended the validity of Authorization issued to Vakrangee Limited to setup, own and operate the White Label ATMs (WLA) in India. The validity has been extended till March 31, 2024.
Detailed explanation-2: -Detailed Solution. TCPSL is Tata communications payment solutions limited was the first company to get a licence from RBI to open WLA ATM in India in Mumbai. White Label ATM (WLA) is established and run by NBFC(Non-Banking Financial Company).
Detailed explanation-3: -Tata Communications Payment Solutions (TCPSL) was the first company authorized by the Reserve Bank of India (RBI) to open White Label ATMs in the country. It got launched under the brand name ‘Indicash’ in June 2013 and launched the first ATM in a Tier-5 town.
Detailed explanation-4: -White Label ATM – When ATMs are owned and operated by non-bank entities but they are not doing ‘outsourcing-contract’ from a particular bank. Brown Label ATM – When banks outsourced the ATM operations to a third party. Green Label ATM – ATM is provided for Agricultural Transaction.