• Reserve Bank of India approves acquisition of Tata Communications' White Label ATM business
• Acquisition includes transfer of Indicash's White Label ATM licence to TSI
• Acquisition to be completed within the next 60 days

Findi Limited (ASX: FND), a digital payments and financial services provider, has announced that its majority-owned subsidiary Transaction Solutions International (India) Pvt Ltd (TSI) has received regulatory approval from the Reserve Bank of India (RBI) for the acquisition of Tata Communications Payment Solutions Ltd (TCPSL or Indicash), a wholly owned subsidiary of Tata Communications Limited. As part of the approval, the RBI has also consented to TSI acquiring TCPSL's White Label ATM licence. The completion of the acquisition can now proceed, and Findi anticipates the acquisition to be completed within the next 60 days. Following the completion, Findi will execute on the strategy previously outlined to the market, which will now be further enhanced by the settlement of the BankIT acquisition. The approval of the acquisition, including the White Label ATM licence and payments switch, allows Findi to proceed with delivering on its FY26 strategy of expanding its co-located physical and digital network of banking solutions throughout India. The acquisition of TCPSL is a critical piece in Findi's vision of becoming the most trusted driver of financial empowerment to India's underbanked and underserved communities, as it provides the company with a growing Franchisee ATMs network, which will enable Findi to build deeper FindiPay merchant networks and accelerate its growth. The addition of the payment switch capability also enhances Findi's service delivery, enabling the company to deliver cash and related financial services seamlessly. The acquisition reinforces Findi's strategic focus of growing the ATM network, expanding its product and service offering, building the payments bank ecosystem, and driving scale.

The Board is pleased with how these acquisitions are coming together to also enhance the organic growth being experienced by Findi. This combination of organic and inorganic growth will deliver long-term value to Findi's customers and shareholders.