Tata Communications gets RBI nod to sell ATM biz to Australian firm Findi

“This acquisition expands our ATM network to over 12,000 and strengthens our position in financial services sector here. The deal also enhances our merchant network and digital payments capabilities, accelerating financial inclusion for the underbanked,” said  Deepak Verma, chief executive officer, Findi.

Findi, through its domestic arm has been operating 7,500 ATMs, partnering with 12 leading public and private sector banks, including SBI, PNB, and HDFC Bank, over the past eight years. With this acquisition, Findi will integrate over 4,600 operational Indicash ATMs and gain access to an additional 3,000 ATMs for deployment, making it one of the largest ATM operators in Asia with a total network of over 12,000 ATMs across brown and white label categories.

This acquisition marks the second major deal for Findi this year. Earlier this month, Findi acquired Bankit, a digital payments service provider with over 129,000 merchant touchpoints, bringing its total merchant base to 180,000.