Findi Granted Perpetual ATM Licence by RBI, Unlocking Scalable Growth Across India


 

Findi Limited (ASX: FND) has achieved a transformative regulatory milestone with the Reserve Bank of India (RBI) awarding it a perpetual White Label ATM licence, enabling the company to expand its ATM network across India without the limitations of fixed-term renewals or deployment quotas. This development solidifies Findi’s strategic foothold in India’s banking infrastructure and aligns with its long-term vision to become a full-service digital bank.

The licence, granted following the rebranding of Tata Communications Payment Solutions Ltd to Findi India Ltd, provides Findi with indefinite authority to operate and grow its White Label ATM (WLA) network, subject to regulatory compliance. This shift removes the administrative burden of periodic licence renewals and unlocks long-term planning advantages, capital investment certainty, and scalable deployment strategies.

Findi already operates over 14,000 branded ATMs and services more than 189,000 merchants, processing over 1 billion transactions annually. With the new perpetual licence, the Company is strategically positioned to reach underbanked and unbanked regions, particularly in rural and semi-urban India, where banking access remains limited despite government initiatives like the Pradhan Mantri Jan Dhan Yojana.

Executive Chairman Nicholas Smedley emphasized that the licence strengthens Findi’s mission to enable financial inclusion at scale, particularly in regions underserved by traditional banks. This milestone also represents a strong vote of confidence from Indian regulators in Findi’s governance and infrastructure.

Importantly, the perpetual WLA licence is not just a compliance upgrade—it is a strategic enabler that supports Findi’s evolution into a fully integrated digital banking ecosystem. It paves the way for bundling ATM access with digital services such as mobile banking, utility payments, and e-wallets.

With a market cap of over AUD 270 million and a growing footprint in one of the world’s fastest digitising economies, Findi is uniquely positioned to lead the next wave of financial inclusion and digital infrastructure growth in India.

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