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Vakrangee gets renewal of authorization from RBI for White Label ATMs

13 Mar 2024 Evaluate

Vakrangee has received renewal of authorization from the Reserve Bank of India (RBI) to setup, own and operate the White Label ATMs (WLA) in India. The validity has been extended till March 31, 2025.

Vakrangee currently has 6,486 White Label ATMs (as on February 29, 2024) and 76% of these outlets are in Tier 4 and 6 locations. Vakrangee currently has 21,328 Vakrangee Kendra Outlets and 82% of these outlets are in Tier 5 and 6 locations. Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Financial Services and Assisted e-Commerce services.

This model also embodies technological advancements such as ATMs that enable the ease of financial transactions; CCTV monitoring available at the Kendras, digital advertising through digital signage for brand partners, along with biometric and pin pad devices to enable all kinds of payment mechanisms.

Vakrangee is the unique technology driven company focused on building India's largest network of last mile retail outlets to deliver real time banking & Financial Services, ATM, insurance, e-governance, e-commerce and logistics services to the un-served rural, semi-urban and urban markets.

Vakrangee Share Price

7.37 0.21 (2.93%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
eClerx Services 1631.05
Info Edge 1054.50
Firstsource Solution 239.25
Affle 3i 1468.10
Hinduja Global Soln. 426.90
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