• Significant strategic benefits to monetize White Label Network
• New revenue via transaction fees, float income, distribution margins, and data-driven value-added services
• Direct benefits to merchants and customers, bridging the digital divide across India

Findi Limited (ASX: FND) today announced that it is applying to the Reserve Bank of India for licences to operate as a Prepaid Payment Instrument (PPI) issuer and as a Payment Aggregator and Payment Gateway (PA-PG). Both initiatives are the latest milestones in Findi's progress towards becoming a fully-fledged payments bank across India and bridging India's cash-first and digital-first ecosystems. The introduction of a Findi PPI wallet or card will provide a range of benefits to customers, including the ability to load money using cash at a merchant outlet, bank account, or other digital means, pay bills, recharge mobile/DTH, and handle daily utility expenses. Customers will also be able to shop online and offline, using QR or card-based acceptance and access e-commerce and subscription services - even without a bank account or credit card, providing convenient digital payment access to ~550 Million Indians currently without conventional bank accounts. The authorisation to operate a PA-PG, when granted, will complement Findi's strong physical and assisted-fintech infrastructure with a regulated, real-time platform for digital transactions. The new licence will provide significant value by completing the Company's digital stack, provide a B2C launchpad, monetise growth and deepen merchant loyalty by enabling a range of payments modes from assisted cash to digital acceptance. It will also support sector-specific use cases such as education, MSMEs, health, e-commerce, financial services and reinforce Findi's position as a digital plus physical leader in India's digital commerce landscape.

The company expects significant improvement in product margins by almost 100% through the new licences.

The new licences will strengthen Findi's product portfolio, leverage its existing infrastructure, and unlock new revenue streams through transaction fees, float income, distribution margins, and data-driven value-added services. The company aims to empower individuals and merchants, support government goals, and build the foundation for deeper engagement across retail and enterprise, urban and rural, cash and digital.