<h2 style="text-align:justify">About White Label ATM:</h2>

<ul>
	<li style="list-style-type:disc">Automated Teller Machines (ATMs) set up, owned and operated by non-banks are called White Label ATMs.</li>
	<li style="list-style-type:disc">Non-bank ATM operators are authorised under the Payment &amp; Settlement Systems Act, 2007 by the Reserve Bank of India (RBI).&nbsp;</li>
	<li style="list-style-type:disc">Such non-bank entities should have a minimum net worth of Rs 100 crore as per the latest financial year&rsquo;s audited balance sheet, which is to be maintained at all times.</li>
	<li>Foreign Direct Investment (FDI), up to 100 per cent, is allowed under the automatic route in the activity of White Label ATM (WLA) Operations.&nbsp; </li>
</ul>

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<hr />
<h3>Q1) What is a Foreign direct investment?</h3>

Foreign direct investments (FDIs) are substantial, lasting investments made by a company or government into a foreign concern. 

Source:&nbsp;<a href="https://www.livemint.com/news/india/rbi-renews-authorization-for-white-label-atms-to-vakrangee-11675693229054.html" style="text-decoration:none">RBI renews authorization for white-label ATMs to Vakrangee</a>

What is White Label ATM?

Overview:

Recently, the Reserve Bank Of India has extended the validity of authorization issued to Vakrangee to set up, own and operate White Label ATMs in India.

About White Label ATM:

Q1) What is a Foreign direct investment?

What is White Label ATM?

Overview:

Recently, the Reserve Bank Of India has extended the validity of authorization issued to Vakrangee to set up, own and operate White Label ATMs in India.

About White Label ATM:

Q1) What is a Foreign direct investment?

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