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White label ATMs are private machines that are owned and operated by non-bank entities but plugged into the banking network. (Representative image)
MUMBAI: Hitachi Payment Services has set up 1,000 white label ATMs in the last five months as the dash to cash during the pandemic is increasing demand for currency notes despite the rise in digital payments. White label ATMs are private machines that are owned and operated by non-bank entities but plugged into the banking network.
According to RBI data, currency in circulation had risen to Rs 27.4 lakh crore by February 12 this year from Rs 23.5 lakh crore as of March 2020. Monthly ATM withdrawals had gone up to more than Rs 3 lakh crore in December from Rs 2.7 lakh crore in March 2020. The average value of the transaction increased to nearly Rs 5,200 in December. ....

Rustom Irani , Hitachi Payment Services , Money Spot , Hitachi Payments , Business News , White Label Atms , Private Machines , ருஸ்டோம் இரணி , ஹிட்டாச்சி கட்டணம் சேவைகள் , பணம் ஸ்பாட் , ஹிட்டாச்சி கொடுப்பனவுகள் , வணிக செய்தி , வெள்ளை லேபிள் ஆட்ம்ஸ் , ப்ரைவேட் இயந்திரங்கள் ,