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‘Brown label’ ATM concept gaining pace in India

Written by Oliver Laker on May 6, 2011.

The ATM network of India is going to enter a new phase and expansion is expected to take a pace in the upcoming few years. The reason for this change has been attributed to the ‘brown label’ concept being introduced in the country. The concept allows banks to establish large number of ATMs in a matter of weeks.

With this model getting fully incorporated in India, the ATM count in the country is expected to rise from 75,000 to 1.5 lakh by 2015.

In a ‘brown label’ ATM, the hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank.

Read Full Text…

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    ‘Brown label’ ATM concept gaining pace in India

    Written by Oliver Laker on May 6, 2011.

    The ATM network of India is going to enter a new phase and expansion is expected to take a pace in the upcoming few years. The reason for this change has been attributed to the ‘brown label’ concept being introduced in the country. The concept allows banks to establish large number of ATMs in a matter of weeks.

    With this model getting fully incorporated in India, the ATM count in the country is expected to rise from 75,000 to 1.5 lakh by 2015.

    In a ‘brown label’ ATM, the hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank.

    Read Full Text…

    ‘Brown label’ ATM concept gaining pace in India

    Written by Oliver Laker on May 6, 2011.

    The ATM network of India is going to enter a new phase and expansion is expected to take a pace in the upcoming few years. The reason for this change has been attributed to the ‘brown label’ concept being introduced in the country. The concept allows banks to establish large number of ATMs in a matter of weeks.

    With this model getting fully incorporated in India, the ATM count in the country is expected to rise from 75,000 to 1.5 lakh by 2015.

    In a ‘brown label’ ATM, the hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank.

    Read Full Text…

    ‘Brown label’ ATM concept gaining pace in India

    Written by Oliver Laker on May 6, 2011.

    The ATM network of India is going to enter a new phase and expansion is expected to take a pace in the upcoming few years. The reason for this change has been attributed to the ‘brown label’ concept being introduced in the country. The concept allows banks to establish large number of ATMs in a matter of weeks.

    With this model getting fully incorporated in India, the ATM count in the country is expected to rise from 75,000 to 1.5 lakh by 2015.

    In a ‘brown label’ ATM, the hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank.

    Read Full Text…

    ‘Brown label’ ATM concept gaining pace in India

    Written by Oliver Laker on May 6, 2011.

    ‘Brown label’ ATM concept gaining pace in India

    Written by Oliver Laker on May 6, 2011.

    The ATM network of India is going to enter a new phase and expansion is expected to take a pace in the upcoming few years. The reason for this change has been attributed to the ‘brown label’ concept being introduced in the country. The concept allows banks to establish large number of ATMs in a matter of weeks.

    With this model getting fully incorporated in India, the ATM count in the country is expected to rise from 75,000 to 1.5 lakh by 2015.

    In a ‘brown label’ ATM, the hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank.

    Read Full Text…

    The ATM network of India is going to enter a new phase and expansion is expected to take a pace in the upcoming few years. The reason for this change has been attributed to the ‘brown label’ concept being introduced in the country. The concept allows banks to establish large number of ATMs in a matter of weeks.

    With this model getting fully incorporated in India, the ATM count in the country is expected to rise from 75,000 to 1.5 lakh by 2015.

    In a ‘brown label’ ATM, the hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank.

    Read Full Text…

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