Economics · Banking Sector
Which of the following statements is correct regarding Brown-label ATMs?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They are ATMs directly owned and maintained by the Central Government.
- 2They are outsourced ATMs where a private service provider owns and operates the hardware, but the sponsor bank handles cash management and banking connectivity under its brand.✓
- 3They are ATMs owned by private entities where the bank has no role.
- 4They are ATMs completely owned and operated by foreign companies.
Correct answer
They are outsourced ATMs where a private service provider owns and operates the hardware, but the sponsor bank handles cash management and banking connectivity under its brand.
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