Economics · Economy
Which of the following descriptions is correct regarding a 'Brown Label ATM'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1ATMs that are entirely owned and operated by foreign banks.
- 2ATMs set up, owned, and operated entirely by non-bank private entities.
- 3ATMs where the hardware and lease are owned by a third-party service provider, but banking connectivity and branding are provided by a sponsor bank.✓
- 4ATMs that are owned and managed directly by the central government.
Correct answer
ATMs where the hardware and lease are owned by a third-party service provider, but banking connectivity and branding are provided by a sponsor bank.
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