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Tata Communications’ arm gets nod to set-up white label ATMs

04 May 2013 Evaluate

Tata Communications’ subsidiary - Tata Communications Payment Solutions, Mumbai has been issued Certificate of Authorization by the Reserve Bank of India (RBI) for setting up and operating White Label ATMs (WLAs) in India.

Non-bank entities are allowed to set up, own and operate Automated Teller Machines (ATMs) in the country and they are known as White Label ATM Operators (WLAOs). ATMs run by them are called White Label ATMs (WLAs).

Tata Communications along with its subsidiaries (Tata Communications) is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.

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Company Name CMP
Bharti Airtel 1867.45
Vodafone Idea 11.16
Indus Towers 378.20
Tata Communications 1608.00
Railtel Corp. India 227.20
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