Tata Communications’ wholly owned subsidiary - Tata Communications Payment Solutions is planning to introduce 200 white ATMs under the Indicash label across Maharashtra by September end. These white-label ATM’s are owned and operated by a non-banking entity and can be used for financial transactions by customers of any bank. It has decided to establish up to 15,000 such machines across India in the next three years.
The company has inaugurated the flagship white-label ATM in India at Chandrapada village in the Thane district of Maharashtra on June 27. Maharashtra has 127 ATMs/million people against 172 ATMs/million in Tamil Nadu.
