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From left: A senior Reserve Bank of India official, Vinod Kumar, MD & CEO, Tata Communications, Denath Patil, Chandrapada Villager making the first transaction, Sanjeev Patel, CEO, Tata Communications Payment Solutions Ltd., Manik Gawry, Sarpanch - Chandrapada at the White ATM launch, June 27 2013
 
 
Tata Communications opens first 'White ATM'

Mumbai, June 28 2013: India’s first “White ATMs” are here – automatic teller machines that are not owned and operated by one bank—but by third parties who enable its use by account holders of  any  bank for a small fee.
Tata Communications Payment Solutions Limited (TCPSL), a wholly-owned subsidiary of Tata Communications Limited, has unveiled the first Indicash yesterday at at Chandrapada, a rural village in Thane district, Maharashtra.
Indicash marks a milestone for the country and ushers in a new era of ATM accessibility for the masses across cities, towns and villages. Backed by the $100.09 billion Tata brand, India’s first network of white label ATMs is aimed at empowering millions of Indians with the convenience to access their own money with ease.
Says Srinivasa Addepalli, Chief Strategy Officer, Tata Communications: “Since 1868, the Tata group has always played a pioneering role in identifying and supporting innovative and emerging business opportunities in India to create value for its people. The launch ofIndicash continues to drive this promise home. On the world’s global stage, India is by comparison an underpenetrated ATM market with just 98 ATMs per million of population (compared to 1,390 in the US, 530 in the UK, and 211 in China). TCPSL is pleased to be playing such a significant and pioneering role in deploying white label ATMs across the country. The roll out is backed by Tata Communications’ highly resilient and reliable infrastructure as well as managed services expertise.”
Adds Sanjeev Patel, CEO, Tata Communications Payment Solutions: “We are honoured to be selected by RBI to pioneer India’s first white label ATM network. This is an endorsement of our leadership, credibility and track record in deploying and managing a contracted 27,000 ATMs for banks in India as of date. Our goal is to rollout 50,000 ATMs by 2016. WithIndicash, we will be going into far reaching geographies using our experience and expertise in navigating and optimising technologies, for challenging Indian conditions. We are focused on honouring theIndicash brand value ‘Dost Har Mod Par,’- ‘A friend in need’, by being conveniently located and offering a safe and user-friendly banking experience.”
Indicash machines are Dip machines that cannot swallow cards; the interface has been designed to be intuitive and simple with multi-lingual messaging to provide ease and convenience of transactions for users across urban and rural markets. Features that address security concerns are privacy screen filters, key pad shields and electronic surveillance, to enable safe and secure transactions.
Like most other bank ATMs,Indicash offers a host of cash and non-cash services such as cash withdrawals, balance enquiries, mini-statements and PIN change. It accepts all domestic debit cards with the first five transactions per month being free, in line with RBI regulations for use of ‘Other Bank ATMs’.
Manik Gawry, the Sarpanch of Chandrapada village, added, “Our village never had an ATM in its vicinity and we always faced difficulties in accessing our cash. TCPSL along with RBI has addressed our concern with the launch of Indicash. It is indeed a matter of true pride that our village is the first one to get India’s first white label ATM.”
TCPSL will be deploying 15,000 Indicash ATMs in three years. 67 per cent of these will be deployed in semi-urban and rural areas and 33 per cent will be installed in metro and urban markets. Phase two of the roll out will be to offer value added and utility services to customers using Indicash ATMs and introduce offers and third party promotions. TCPSL will be engaging with national and regional banks to support its rollout plans, based on their strengths in providing cash in particular areas. 

Earlier this week, Muthoot Finance announced that it had got in-principle approval from the Reserve Bank to set up White-Label ATMs in the country.
SEE our video in the Tech Video spot on the home page www.indiatechonline.com




    


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Tata Communications opens first 'White ATM'
by asim ghosh on July  06,  2013
  "R you a provider of atm.I have shop a shop at kolkata in west bengal.pls call 8961825189"
     
Tata Communications opens first 'White ATM'
by Bali kashyap on February  10,  2014
  "I have a space 110 sq.ft.on Baghajatin Road in Baranaga(Kolkata).The shop is in good condition and free from all encumbrances"
     
Tata Communications opens first 'White ATM'
by Vikash Burnwal on November  08,  2015
  "I have open commercial space of 14X40 sqft area in rural area of west Bengal. Here there is no ATM even not a bank. We would like to do a setup at our location. Kindly provide the details to do the setup of ATM machine in my locality to proceed further onto this. Regards Vikash Burnwal +91-9702069737"
     
Tata Communications opens first 'White ATM'
by kamalu ddin on January  22,  2016
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Tata Communications opens first 'White ATM'
by kamalu ddin on January  22,  2016
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Tata Communications opens first 'White ATM'
by kamalu ddin 9818415981 m.no on January  22,  2016
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Tata Communications opens first 'White ATM'
by SOUMEN BISWAS on April  18,  2016
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Tata Communications opens first 'White ATM'
by SOUMEN BISWAS on April  18,  2016
  "Installation ATM "
     
Tata Communications opens first 'White ATM'
by Satish Rawal on July  27,  2016
  "Wanted to buy a new indicash ATM machine"
     
Tata Communications opens first 'White ATM'
by AVIK MAJUMDER on   28,  2016
  "HOW TO INSTALL THIS... PLZ CONTACT ME AS SOON AS POSSIBLE.."
     
Tata Communications opens first 'White ATM'
by by ajay bansal on December  05,  2016
  "i have space for machine at chowk in market in giaspura,ludhiana, punjab plz call me 9888009771 "
     
Tata Communications opens first 'White ATM'
by by ajay bansal on December  05,  2016
  "i have space for machine at chowk in market in giaspura,ludhiana, punjab plz call me 9888009771 "
     
Tata Communications opens first 'White ATM'
by by ajay bansal on December  05,  2016
  "i have space for machine at chowk in market in giaspura,ludhiana, punjab plz call me 9888009771 "
     
Tata Communications opens first 'White ATM'
by by ajay bansal on December  05,  2016
  "i have space for machine at chowk in market in giaspura,ludhiana, punjab plz call me 9888009771 "