That ATMs Setup which are, owned and operated by non-banks are called white label ATMs and are authorized under the Payment and Settlement Systems Act, 2007, by the RBI. Using these ATMs is similar to using an ATM of a bank other than the bank where you have your account.
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That ATMs Setup which are, owned and operated by non-banks are called white label ATMs and are authorized under the Payment and Settlement Systems Act, 2007, by the RBI. Using these ATMs is similar to using an ATM of a bank other than the bank where you have your account.
Micro ATM is a modified version of an ATM Machine .It can also be said as extended version of Point of sale machine generally called as POSMachine. It works both as standalone POS terminal and as Mini MPOS andconnects to mobile Bluetooth.
Domestic Money Transfer (DMT) is remittance service offered through Retail agents, Business Correspondents (Agents/CSPs) who are appointed by various service providers pan India who collect cash on customer behalf and transfer money to bank account as requested by customer.
