RBI extends Vakrangee’s authorisation to operate White Label ATMs until March 2026

Mumbai-based technology company Vakrangee Ltd on Wednesday (February 12) said the Reserve Bank of India (RBI) has renewed authorisation to set up, own, and operate White Label ATMs (WLAs) across India. The extension is valid until March 31, 2026.

Vakrangee currently has 6,035 White Label ATMs (as of January 31, 2025) with 76% of these outlets are in Tier 4 and 6 locations, further strengthening financial accessibility in the unserved & underserved areas.

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Vedant Nandwana, Managing Director, Vakrangee Ltd Said, “We are
happy to announce the renewal of authorization of our white label ATMs Business by RBI. ATM is one of the key services offered in our Vakrangee Kendra Business Model and it gives confidence to our customers, especially in Rural and Semi-Urban centres.”Vakrangee currently has 22,395 Vakrangee Kendra Outlets and 81% of these outlets are in Tier 4 and 6 locations. Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Financial Services and Assisted E-Commerce services.

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Shares of Vakrangee Ltd ended at ₹15.17, down by ₹0.79, or 4.95% on the BSE.