• Reserve Bank of India issues Certificate of Authorisation
• Perpetual licence removes requirement for annual reviews and deployment quotas
• Findi to focus on expanding its White Label ATM network and digital offerings

Findi Limited (ASX: FND), a digital payments and financial services provider, has announced that the Reserve Bank of India has granted the company authorisation to operate under a perpetual White Label ATM licence. The perpetual nature of the licence means it is valid indefinitely, subject to regulatory compliance and the terms of the original authorisation. This is a significant milestone for Findi, as it is the first time the company has upgraded from a periodic renewal licence to a perpetual one. The perpetual licence removes the requirement for annual reviews and deployment quotas, allowing Findi to focus on deploying and managing its White Label ATM network under a simplified regulatory process. This will enable the company to take a long-term view on investing, expanding, and innovating its digital offerings across the Findi network. The new Certificate of Authorisation was granted after Tata Communications Payment Solutions Ltd (TCPSL) was renamed Findi India Ltd. Commenting on the authorisation, the Executive Chairman of Findi, Mr. Nicholas Smedley, stated that the company plans to deploy more White Labels across the country and continue its mission to provide financial inclusion to the underbanked sections of the Indian population, especially in regional areas. Findi is now the only Pan-Indian ATM operator with a truly nationwide digital business, processing more than one billion transactions annually through the operation of more than 14,000 branded ATMs and more than 189,000 active merchant outlets.

Findi plans to deploy more White Label ATMs across India and continue to expand its digital offerings, with the goal of providing financial inclusion to underbanked populations, especially in regional areas.