What is White Label ATMs ? | Topic about White label ATM | Indicash first white Label ATM in India- Launched by TCPSL
Tata Communications Payment Solutions (TCPSL), a wholly-owned subsidiary of Tata Communications, has unveiled Indicash - India’s first-ever network of white label automated teller machines (ATMs). In line with the Reserve Bank of India’s (RBI) vision to accelerate growth and increase ATM penetration across the country, the first Indicash (white Label ATM) was inaugurated on 27-June-2013 at Chandrapada, a rural village in Thane district, Maharashtra. This launch was led by a senior RBI official; Vinod Kumar, managing director and CEO, Tata Communications; and Sanjeev Patel, CEO, TCPSL.Indicash (a combination of the words ‘India’ and ‘cash’), marks a milestone for the country and ushers in a new era of ATM accessibility for the masses across cities, towns and villages.
The launch of Indicash continues to drive this promise home. TCPSL is pleased to be playing such a significant and pioneering role in deploying white label ATMs across the country. The roll out is backed by Tata Communications’ highly resilient and reliable infrastructure as well as managed services expertise.
TCPSL selected by RBI to pioneer India’s first white label ATM network. TCPSL goal is to rollout 200,000 ATMs by 2016. Tata Communications Payment Solutions plan to install 15,000 white label ATMs by 2016 TCPSL are focused on honouring the Indicash brand value ‘Dost Har Mod Par’ (a friend in need), by being conveniently located and offering a safe and user-friendly banking experience.