ATM’s which are not owned by banks but by private ATM service providers. Customers from any bank can deposit or withdraw money from those ATMs. Sponsored banks pay a service fee for the usage to private ATM service providers.
“Such ATMs will help take banking services to remote places,” official sources said. What is Brown Label ATM:
If the ATM hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank