India1 Payments has crossed a milestone on deploying 10000 white-label ATMs, which was called as “India1ATMs”.

Key Points

• India1 Payments is IPO-bound and is promoted by the Banktech Group of Australia.
• It was formerly known as BTI Payments.
• With the deployment of 10000 ATMs, India1 Payments has become the largest player in this segment.
• India1 ATM has become the second largest white label ATM brand on semi-urban and rural areas.

Instalment of machines

India1 Payments has installed these machines in semi urban and rural areas mostly, across 14 states and union territories.

Number of ATMs in India

As per latest data from the RBI, there were 2.4 lakh ATMs in India, as of September 2021. Out of these, around 2800 are white-label machines.