RBI has granted approval to Tata Communications allowing it to sell 100% participation in Tata Communications Payment Solutions (TCPSL) to the Subsidiary of the Australian Fintech Findi in India, Transaction Solutions International. The agreement, announced in November 2024, is evaluated at RS 330 crosses, with an additional RS 75 crore based on interchange rate adjustments. He aligns himself in terms of the company to go to a full -fledged payment bank, taking advantage of his ATM operations and the expertise of digital payments.
TSI operates more than 7,500 ATMs of “Bruns” tickets, in partnership with 12 banks, including SBI, Central Bank of India, PNB and HDFC. It also manages back-end operations for more than 10,000 automatic distributors of “white labels” and facilitates digital payments through more than 50,000 merchants as part of the Findipay brand.
With this acquisition, Findi will integrate more than 4,600 ATMS from ATMS operational indication and access around 3,000 automatic distributors of additional tickets, taking its total network beyond 12,000 automatic ticket distributors between the categories, which In fact one of the largest automatic counters in Asia. This marks the second major acquisition of Findi in 2025. Earlier in January, TSI acquired Bankit, a supplier of digital payments with more than 129,000 market contact points, bringing its total merchant base to 180,000+.
TCPSL, created in 2008, launched the first ATM white network in India, Indicash, in 2013, in accordance with RBI’s vision to extend the penetration of ATM. TCPSL remains one of the largest white ATM operators in India.
The acquisition gives Findi access to an ATM Blanche platform, a WLA license, a payment switch and an extended network of 3,000 ATM. TSI plans to deploy these automatic ticket distributors in its 180,000 Finipay and Bankit points of sale while integrating them into existing indicash franchises, further strengthening financial access.
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