Findi Strengthens ATM Network with Tata Communications Deal

In a major development for India’s financial services sector, the Reserve Bank of India (RBI) has approved Tata Communications’ plan to sell its entire stake in Tata Communications Payment Solutions (TCPSL) to Transaction Solutions International (TSI), the Indian subsidiary of Australian fintech company Findi. The Rs 330 crore deal, with an additional Rs 75 crore linked to interchange rate adjustments, marks a significant expansion for Findi in India’s ATM and digital payments space.

With this acquisition, Findi will integrate 4,600 operational Indicash ATMs and gain access to 3,000 additional ATMs, boosting its network to over 12,000—positioning itself among the largest ATM operators in Asia. TSI already operates over 7,500 "brown label" ATMs with major banking partners, including SBI, PNB, and HDFC, while managing backend operations for more than 10,000 "white label" ATMs.

This is Findi’s second major acquisition of 2025, following its January purchase of BankIT, a digital payments firm with over 129,000 merchant touchpoints, expanding Findi’s merchant network to 180,000+. By integrating TCPSL’s white-label ATM platform, WLA license, and payments switch, Findi aims to strengthen financial inclusion, particularly in underbanked regions.

With plans to deploy ATMs across its 180,000 FindiPay and BankIT merchant locations, Findi is set to reinforce its role as a key player in India’s evolving digital and cash-based payment ecosystem, advancing the RBI’s vision for enhanced financial access nationwide.