Friday, 24 March, 2023

India1 Payments to set up 20K ATMs in next 4-5 years

<p>India1 Payments, to ensure cash availability to customers in semi-urban and rural areas, will be deploying 20K ATMs in the next 4-5 years. K Shrinivas, MD, CEO of India1 Payments said the hike in interchange fees by RBI, various structural growth drivers, and an expected increase in cash withdrawal will accelerate the deployment of White Label ATMs (WLAs) in India. Currently, the company operates a network of 10.3K WLAs.</p>