Vakrangee Ltd.

BSE: 511431 | NSE: VAKRANGEE
Small Cap | BPO/ITeS
7.11
-0.33 (-4.44%)
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RBI renews authorization to Vakrangee for White Label ATMs

Date: 07-02-2023

The Reserve Bank of India (RBI) has provided the Renewal of Authorization for Vakrangee. RBI has extended the validity of Authorization issued to Vakrangee to setup, own and operate the White Label ATMs (WLA) in India. The validity has been extended till March 31, 2024. Vakrangee currently has 6,283 White Label ATMs (as on January 31, 2023) and 77% of these outlets are in Tier 4 and 6 locations.

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, ecommerce and logistics services to the un-served rural, semi-urban and urban markets.