The brown label has come up as an alternative between bank-owned ATMs and white label ATMs.

Example of brown label atm. As in India white label ATMs were not allowed by RBI in February 2012 RBI has issued the draft guidelines for introduction of white ATMs. Brown label ATM are those Automated Teller Machines where hardware and the lease of the ATM machine is owned by a service provider but cash management and connectivity to banking networks is provided by a sponsor bank whose brand is used on the ATM. The brown label has come up as an alternative between bank-owned ATMs and white label ATMs.

A third party takes care of trivial tasks such as place searching electricity connection security provision and interior design. PINK label ATM Such ATM are monitored by guards who ensure that only women access these ATM. Brown Label ATM When banks outsourced the ATM operations to a third party.

White Label ATM- They are owned by non-bank entities. Yellow Label ATM Provided for E-commerce. Cornerstone Market Intelligence.

100 crore Why in News Recently - 100 FDI. Brown label ATM are those Automated Teller Machines where hardware and the lease of the ATM machine is owned by a service provider but cash management and connectivity to banking networks is provided by a sponsor bank whose brand is used on the ATM. Global Brown Label ATM Market by Type Deployment Managed Services By Application Bank Service Agent Bank And By Region North America Latin America Europe Asia Pacific and Middle East Africa Forecast To 2028.

White Label ATM When ATMs are owned and operated by non-bank entities but they are not doing outsourcing-contract from a particular bank. Brown Label ATM Market 2018 Global and Regional Industry Analysis Growth and Forecast to 2026. In Brown Label ATM hardware is owned by service provider but cash management and network connectivity is provided by sponsor bank.

Eg- Muthoot Finance ATM TATA Indicash etc. They have logo of the bank. Brown label ATM are those Automated Teller Machines where hardware and the lease of the ATM machine is owned by a service provider but cash management and connectivity to banking networks is provided by a sponsor bank whose brand is used on the ATM.