What is White Label ATM:
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
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