Muthoot Finance, a leading gold financing company is planning to set up 250 white label ATMs in the next three months. In this regard, the company has received Foreign Investment Promotion Board’s (FIPB) and Reserve Bank of India’s (RBI) approval.
The company has also identified locations in two states and intends to operationalise 250 ATMs by December, while the total number of ATMs would go up to 1,000 by the end of September next year.
These ATMs will be deployed at public locations like bus-depots, shopping malls, educational institutions, offices, small kirana stores, cinemas, public parks and even at own branches of the company.
The company has also identified locations in two states and intends to operationalise 250 ATMs by December, while the total number of ATMs would go up to 1,000 by the end of September next year.
These ATMs will be deployed at public locations like bus-depots, shopping malls, educational institutions, offices, small kirana stores, cinemas, public parks and even at own branches of the company.
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