In India, these ATMs are authorized under the Payment & Settlement Systems Act, 2007, by the RBI.
According to the report, Value-Added Services Like Mobile Recharge, Utility Bill Payments, etc.
is one of the primary growth factors for the market. Increasing Demand for ATM Services from Rural and Semi-urban Areas
is also expected to contribute significantly to the White Label ATM market growth. Overall, Cash Withdrawal
applications of White Label ATM, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Construction, such as Touch Screen, is boosting the White Label ATM market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Solution, such as Deployment, is boosting the White Label ATM market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Banks, is boosting the White Label ATM market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global White Label ATM market identified that the demand is rising in many different parts of the world as "Increase in the Geographical Spread of ATMs and Enhanced Customer Service
". Furthermore, some recent industry insights like "In November 2020, Hitachi Payments has announced an expansion spree, to nearly double white label ATMs by March by March to 5,000 units, having already installed new 1,340 machines by October this year." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global White Label ATM market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the White Label ATM market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall White Label ATM market size is calculated using market estimation process, the White Label ATM market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global White Label ATM market size has been validated using both top-down and bottom-up approaches.