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Established in Sydney, Australia in 1991, The BANKTECH Group, parent company of BTI Payments, today manages ATM and POS terminals in Australia, India, Hong Kong, New Zealand and United Arab Emirates and has recently established offices in Shanghai, China. Over the last 20 years The BANKTECH Group has invested in both the skills and the systems to ensure we provide the best possible service at the lowest possible price.
In 2006, The BANKTECH Group established a wholly owned subsidiary, BANKTECH India, which has recently been re-named BTI Payments Pvt. Ltd. With its head quarters in Bangalore, BTI Payments first developed a strong local expertise in the POS industry before steadily expanding into ATM deployment and managed services.
More recently, BTI Payments applied for and received conditional approval from the RBI to deploy White Label ATMs over the subsequent years. In order to achieve this, we sought a respected local partner and are pleased that ICICI Venture has invested in BTI Payments and acquired a significant shareholding.
The organization’s fundamental purpose is to serve as a unifier of sorts, providing access to basic banking services across cultural, geographic and demographic divides. The india1ATM name and brand mark effectively encapsulate this purpose. Primarily working for the rural consumer, india1ATM will strive to provide freedom from the compromises that Indians have to make when it comes to easy, secure, reliable and efficient accessibility to ATMs across the country. india1ATM aims to become one of the leading financial services companies in India.
We are proud to announce that BTI Payments Pvt. Limited has received a nod from the Reserve Bank of India to deploy White Label ATMs over the next few years. White Label ATMs (WLAs) are not required to have bank branding and can only be operated by companies that have been fully approved by the Reserve Bank of India. There are no additional charges for a cardholder to use a White Label ATM.
We have launched our White Label ATM Network, under the brand name of india1ATMs. The first india1ATM was launched in Gubbi – a town in Tumkur District in the state of Karnataka on 9th April 2014.
Our ATMs are reliable, easy to use and located in safe, high footfall locations. We are already seeking to identify more and more good, safe locations to deploy our White Label ATMs (retail chains, shopping centers, businesses, factories etc) and would be happy to discuss the benefits to you of having an ATM on your premises.
As debit cards (expected to reach 440 million by 2015) and card based payments continue to grow in India, so will consumer demand for ATMs in convenient locations such as supermarkets, retail stores and service stations. It is well documented that having an ATM on your premises increases customer footfall and therefore your sales and profitability.
BTI Payments Pvt. Limited will be deploying 9,000 india1ATMs in the next 3 years. The company plans to roll out more than 1,000 White Label ATMs in the first year.
To find out more about WLA deployment ENQUIRE TODAY »