Findi Secures Perpetual White Label ATM Licence, Removing Renewal Hurdles
Findi Limited has secured a perpetual White Label ATM licence from the Reserve Bank of India, removing renewal hurdles and deployment limits. This milestone positions Findi to accelerate its digital financial services expansion across India’s underbanked regions.
- Reserve Bank of India grants perpetual White Label ATM licence
- Licence removes annual renewal and deployment quotas
- Findi to streamline ATM rollouts and expand digital offerings
- Focus on financial inclusion for underbanked Indian populations
- Over 14,000 ATMs and 189,000 merchant outlets currently operated
A New Chapter in Findi’s Indian Expansion
Findi Limited (ASX – FND), a digital payments and financial services provider, has achieved a significant regulatory milestone with the Reserve Bank of India granting it a perpetual White Label ATM licence. This authorisation, valid indefinitely subject to ongoing compliance, marks a departure from the previous regime of periodic licence renewals and deployment quotas.
The perpetual licence simplifies Findi’s regulatory landscape, allowing the company to take a longer-term strategic view on expanding its ATM network and digital financial services across India. This is particularly important in a market where financial inclusion remains a critical challenge, especially in regional and underbanked areas.
Streamlining Growth and Innovation
With the licence upgrade, Findi can now accelerate the rollout of its White Label ATMs without the administrative burden of annual reviews or restrictions on deployment numbers. The company currently operates more than 14,000 branded ATMs and services over 189,000 active merchant outlets, processing upwards of one billion transactions annually.
Executive Chairman Nicholas Smedley emphasised that the perpetual licence will enable Findi to expand its footprint with greater ease and certainty. The company’s mission to provide financial services to India’s underbanked population aligns with broader trends of digital transformation and financial inclusion in emerging markets.
Strategic Implications and Market Positioning
Findi’s status as the only Pan-Indian ATM operator with a truly nationwide digital business positions it uniquely to capitalise on India’s growing demand for accessible financial infrastructure. The licence upgrade follows the renaming of Tata Communications Payment Solutions Ltd to Findi India Ltd, signalling a consolidated brand and operational focus.
Looking ahead, the removal of deployment quotas and renewal uncertainty could translate into faster network expansion and innovation in digital payment solutions. However, ongoing regulatory compliance remains a key consideration as Findi navigates this growth phase.
Bottom Line?
Findi’s perpetual licence unlocks new growth potential, but execution and regulatory vigilance will define its success.
Questions in the middle?
- What are Findi’s specific rollout targets and timelines under the new licence?
- How will competitors in India’s digital payments space respond to Findi’s expanded capabilities?
- What regulatory challenges could still arise despite the perpetual licence?
