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White Label ATM | Franchise

Indicash® ATM network is India’s first and the largest White Label ATM WLA network. It is currently the **2nd largest ATM network across semi urban and rural markets after SBI and the **8 th largest ATM network with over 8000 ATMs driving cash accessibility across ~5000 towns and villages in 21 states.

What is white label ATM means

According to RBI, ATMs set up, owned and operated by non-banks are called White label ATM [ WLAs ]. Non-bank ATM operators are authorised under the Payment & Settlement Systems Act, 2007 by the Reserve Bank of India (RBI). For a customer, using a WLA is just like using an ATM of any bank.

White Label ATM Companies Operators

White Label ATMs are set up, owned and operated by non-banks.Indicash® – India’s largest White Label ATM network pioneers ‘uberisation ofATMs’.

These ATMs accept all domestic debit cards with the first five or three free transactions per month, depending on the location, in line with the RBI regulations for use of ‘other bank’ ATMs. Moreover, bank customers can also avail a host of enhanced ATM services like setting their favourite transaction to save transaction time on their every visit, preferred language feature that enables customers to choose and enjoy transacting in their preferred language.

BTI Payments Pvt. Ltd.
Hitachi Payment Services Pvt. Ltd.
Tata Communications Payment Solutions Ltd.
Vakrangee Limited
List of White Label ATM operators

Partner banks’ customers can enjoy host of cash and non-cash services such as cash withdrawals, balance enquiries, mini-statements, PIN change and VAS like card-to-card transfer, cheque book request and bank statement request.

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Other key banks include Suryoday Small Finance Bank; private banks like Federal Bank; foreign banks like DBS Bank Ltd.; scheduled commercial banks like The Nainital Bank Ltd; and co-operative banks like The Sutex Co-operative Bank Ltd., and Solapur Janata Sahakari Bank Ltd., amongst others.

Tata Communications Payment Solutions Limited (TCPSL)

Tata Communications Payment Solutions Limited (TCPSL), that owns and operates
India’s first and largest* white label ATM (WLA) network –‘Indicash®’, today announced that it has contracted ~1500 ATMs under its revolutionalry WLA co-branding model – that has paved ‘uberisation of ATMs’ in the country.

With instant access to Indicash’s expansive 8000+ WLA network in 21 states, this plug and play ATM deployment model enables banks to rapidly expand their ATM footprint across the country.

TCPSL’s pioneering WLA co-branding solution is designed for new age & far-sighted banks i.e. public, private, co-operative, small & payment banks along with NBFCs to give them ready access to high potential markets with minimal investments, zero capex and without any operational hassles.

Within few months of its launch, the model has found acceptance from multiple reputed banks. These include the recent largest co-branding alliance with a leading Payments Bank recognized as India’s largest digital wallet player headquartered in Noida for deploying ~1000 ATMs spanning 18 states.

Indicash® is committed to accelerate RBI’s vision to extend ATM accessibility to the masses with special focus on Tier 3 to 6 geographies which are largely underserved by the banks. The company is in its 5th year of operation and a market leader with over 48% market share in the white label industry.

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BTI Payments – India1ATM

India1ATM fundamental purpose to serve as a of sorts, providing access basic banking services across_, geographic and demographic divides. working for the rural, india1ATM will strive to freedom from the compromises Indians have to make it comes to easy, reliable and efficient accessibility ATMs across the country.

Indai1Atms aims to become one the leading financial services in India. BTI Payments. Limited has received a from the Reserve Bank India to deploy White ATMs over the next years.

White Label ATMs () are not required to bank branding and can be operated by companies have been fully approved the Reserve Bank of. There are no additional for a cardholder to a White Label ATM.

The first india1atm was launched in Gubbi – a town in Tumkurin the state of on 9th April 2014. BTIPvt. Limited will be 9,000 india1ATMs in the3 years. The company to roll out more 1,000 White Label ATMs the first year.

Hitachi Money Spot ATM

“Hitachi Money Spot ATM” is the brand of White label ATM deployment in India. The Operator is one of the select non-Bank entities in India which has been licensed by the Reserve Bank of India (RBI) to deploy White label ATM’s across the country with a strong focus in Tier 3 to Tier 6 towns for deployments. Deployment of White label ATM’s will help in:

  • Increasing the spread of ATM’s across all population centres in India
  • Delivering a wide variety of banking services to customers across the banking industry.
  • Expanding the scope of banking to anytime, anywhere banking through interoperable platforms provided by authorised, shared ATM Network Operators / Card Payment Network Operators.
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Hitachi Money Spot ATM’s can help in bridging the banking divide amongst India’s population, by providing the following services

  • Cash withdrawal facilities for all bank debit card holders
  • Pin change facilities
  • Balance enquiry
  • Mini Statement
  • Perform card-card money transfers across banks
  • Cheque book request
  • Statement request

Vakrangee – White label ATM

Vakrangee owns the license from RBI to set up and manage White label ATMs, enabling real-time cash withdrawals. Today, Vakrangee the 3rd largest White Label ATM players in India. Overall, Vakrangee is the 13th largest ATM operator in India, However, in rural India, it is the 3rd largest ATM operator. Over 2/3rd of our Vakrangee ATMs are in rural India.

Through vast network of Nextgen Vakrangee Kendras, The company provide every citizen the facility of ATM at every Nextgen Vakrangee Kendra. The company purpose is to provide a reliable network of ATMs that helps the population to undertake the basic financial and non-financial transactions.


  • Financial Transactions facilitating Cash Withdrawal easily and handily
  • Non-Financial Transactions enabling Balance Enquiry, PIN Change, and Mini Statement
  • Value Added Services offering Aadhaar seeding, statement request, Card-to-Card fund transfer, cheque book request, and mobile banking registration

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Raveendran R
Raveendran R
Editor @ Indiancompaies.in


  1. I want to install an white label 🏧 service in our unbanked commercial area for must be cash deposit & withdrawal &others,pls help me to install

    • sir i am shaikh.our company name ari tradelink from mumbai which is doing purchase in scrap since last 10 years.we request you if there is scrap in your company then give us a chance also once.Will give price and give good service.
      Regard.ari tradelink Mumbai.


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