The amendments will also facilitate Foreign Direct Investment (FDI) in White Label ATMs to enhance financial inclusion across the country. White Label ATMs (WLAs) are ATMs set up, owned, and operated by entities other than banks. These non-bank ATM operators are authorized by the Reserve Bank of India (RBI). For customers, using a WLA is similar to using an ATM from any bank.
https://thelivenagpur.com/2024/08/17/govt-simplifies-fdi-rules-to-facilitate-indian-firms-global-expansion-and-boost-investment/
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