 "Prism Payments rolls out White Label ATM service")
Prizm Payment Services Ltd on Tuesday rolled out its White Label Automated Teller Machine (ATM) service, becoming the second operator to launch the service after Tata Communications Payment Solutions.
It has set up its first White Label ATM “Money Spot ATM” at Chendre village in Alibaug Taluk, Raigad district of Maharashtra. The company plans to deploy atleast 10,000 ATMs over three years. Axis Bank will act as the sponsor bank to cash management.
The white label ATMs of Prizm will be connected to shared ATM network National Financial Switch from National payments Corporation of India.
In November 2013, Hitachi of Japan had Hitachi entered into agreement to acquire entire holding in Prizm Payments from invertors including Sequoia Capital and Axis Bank.
Prizm Payments has about 21,000 ATMs deployed and managed for various Banks under fixed and variable fee model.
It has set up its first White Label ATM “Money Spot ATM” at Chendre village in Alibaug Taluk, Raigad district of Maharashtra. The company plans to deploy atleast 10,000 ATMs over three years. Axis Bank will act as the sponsor bank to cash management.
The white label ATMs of Prizm will be connected to shared ATM network National Financial Switch from National payments Corporation of India.
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Tata group had flagged off white label ATMs services under brand name Indicash in June 2013.
In November 2013, Hitachi of Japan had Hitachi entered into agreement to acquire entire holding in Prizm Payments from invertors including Sequoia Capital and Axis Bank.
Prizm Payments has about 21,000 ATMs deployed and managed for various Banks under fixed and variable fee model.