Industry Background:
White Label ATMs are set up, own and operate by the non-bank entities called "White Label ATM Operators" (WLAO). The role of WLAs is that it provides banking services to the customers of banks, based on the cards issued by banks by establishing technical connectivity with the existing authorized, shared ATM Network Operators / Card Payment Network Operators. The white label ATM market is expected to surge at a prime rate during the forecast period. White label ATMs are projected to serve as an essential medium of banking for consumers around the globe. Customers can access banking facilities situated close to their place of work. The objective of authorizing non-banks to operate White Label ATMs is to enhance the spread of ATMs in rural and semi-urban areas.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Diebold Nicdorf, Incorporated (United States), Euronet Worldwide, Inc. (United States), Triton Systems (United States), Fujitsu Limited (Japan), GRG Banking Equipment Co. Ltd. (China), HESS Cash Systems GmbH & Co. (United States), Hitachi Payment Services Pvt. Ltd. (Japan), Nautilus Hyosung (South Korea), NCR Corporation (United States) and Guangzhou KingTeller Technology Co., Ltd. (China) |
This growth is primarily driven by Increasing Demand for ATM Services from Rural and Semi-urban Areas and Reduction in Per Transaction Cost and Maintenance of ATM by Commercialized Banks.
Globally, a noticeable market trend is evident Value-Added Services Like Mobile Recharge, Utility Bill Payments, etc.
Major Players, such as Diebold Nicdorf, Incorporated (United States), Euronet Worldwide, Inc. (United States), Triton Systems (United States), Fujitsu Limited (Japan), GRG Banking Equipment Co. Ltd. (China), HESS Cash Systems GmbH & Co. (United States), Hitachi Payment Services Pvt. Ltd. (Japan), Nautilus Hyosung (South Korea), NCR Corporation (United States) and Guangzhou KingTeller Technology Co., Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market players present in the White Label ATM market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership contracts, collaborations, and inaugurating new offices across the world permit the company to maintain its brand name globally.
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.
Regulatory Insights:
In India, these ATMs are authorized under the Payment & Settlement Systems Act, 2007, by the RBI.
Influencing Trend:
Value-Added Services Like Mobile Recharge, Utility Bill Payments, etc., Introduction of Solar ATM's and Introduction of Biometric ATM's
Market Growth Drivers:
Increasing Demand for ATM Services from Rural and Semi-urban Areas and Reduction in Per Transaction Cost and Maintenance of ATM by Commercialized Banks
Challenges:
Difficult for Customers to Trust WLAs and Failed Transaction Issues
Restraints:
Government Rules and Regulations for Cash Management and Digitization in developing Countries such as online and mobile banking
Opportunities:
Increase in the Geographical Spread of ATMs and Enhanced Customer Service and Improvement in Security Mechanisms, such as Biometrics, Fingerprints, etc.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in White Label ATM Market
- Analysis about New Entrants in White Label ATM Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, White Label ATM Study Sheds Light on
The White Label ATM Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the White Label ATM industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where White Label ATM industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.