Could any of the following WLA operators be possible T/O targets … Non-Bank ATM Operators Supported by TSI
1. **India1 Payments (formerly BTI Payments)**: - India1 Payments operates a large network of white-label ATMs, primarily in rural and semi-urban areas under the brand "India1 ATM." The network is recognized as one of the significant non-bank entities authorized by the Reserve Bank of India (RBI) to operate white-label ATMs (WLAs). As of the latest data, India1 Payments manages over 10,000 ATMs.
2. **Tata Communications Payment Solutions**: - Operating under the brand "Indicash," Tata Communications Payment Solutions has one of the largest networks of white-label ATMs in India. Indicash ATMs are primarily located in underserved regions, and Tata Communications manages approximately 15,000 ATMs across India.
3. **Hitachi Payment Services**: - Hitachi Payment Services manages a substantial number of ATMs under the brand "Hitachi Money Spot." Their network includes over 9,000 ATMs, providing comprehensive payment solutions and expanding their service capabilities through collaborations like those with TSI.
4. **Vakrangee Limited**: - Vakrangee operates white-label ATMs under the brand "Vakrangee Kendra ATM" and focuses on providing banking and financial services in rural and semi-urban areas. Vakrangee currently operates 6,283 ATMs, with the majority located in Tier 4 to Tier 6 cities, ensuring extensive coverage in rural areas.
These operators collectively enhance the reach of ATM services in underserved regions, supported by TSI's technical and logistical expertise.Sources:- [Livemint](https://www.livemint.com)- [Vakrangee](https://www.vakrangee.in)- [Novatti](https://www.novatti.com)- [MarketScreener](https://www.marketscreener.com)
Cheers Anton.
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