Nod for white-label ATM

The Reserve Bank of India on Friday said it issued "certificate of authorisation" to four non-bank entities, including Tata Communications Payment Solutions and Muthoot Finance, to set up white-label ATMs in the country.

The other two non-bank entities to which the central bank issued the certificate are Prizm Payment Services and Vakrangee Limited.

While Tata, Muthoot and Prizm had already launched their services, Vakrangee Limited was likely to commence its service shortly, the central bank said.