The Reserve Bank of India (RBI) has allowed white label ATMs (WLA), operated by non-bank entities, to accept international credit, debit and prepaid cards.
In a circular issued on Friday, the RBI said the cards issued under card payment network schemes will be allowed for the purpose. “The white label ATM operators (WLAO) have to ensure that they have established technical connectivity with the respective card network operators either directly or through their sponsor banks,” it said.
However, in the case of cards issued under any other card scheme, the routing and settlement should take place based on the bilateral arrangement put in place by the existing authorised networks for such purpose.
It has also decided to permit the facility of Dynamic Currency Conversion (DCC) for the use of international cards at WLAs if the operator so decides to implement the DCC facility.