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Question

The First White Label ATM was set up by

A Reliance Group Correct Answer Incorrect Answer
B Tata Group Correct Answer Incorrect Answer
C Aditya-Birla Group Correct Answer Incorrect Answer
D Mittal Group Correct Answer Incorrect Answer
E Jindal Group Correct Answer Incorrect Answer

Solution

The Reserve Bank has issued ‘certificate of authorisation’ to four non-bank entities, including Tata Communications Payment Solutions and Muthoot Finance, to set up White Label ATMs (WLAs) in the country. The other two non-bank entities to which the Reserve Bank has issued the certificate for setting up and operating the White Label ATMs are Prizm Payment Services and Vakrangee Ltd.

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