Ministry of Finance inserts White Label ATM Operations and Conditions to FEM (Non-debt Instruments) Rules

The Ministry of Finance has updated the rules for White Label ATM operations and conditions under FEMA (Foreign Exchange Management Act) for non-debt instruments. The new rules outline requirements for white label ATMs and detail the conditions for foreign investment in these operations. The updates aim to improve regulatory clarity and operational standards for white label ATMs, ensuring compliance with FEMA regulations and supporting the broader financial ecosystem.