Findi Secures $57M Deal for 900 ATMs with Union Bank of India

Findi Ltd has entered into a significant partnership with Union Bank of India to deploy 900 additional ATMs, valued at approximately INR 500 crore ($57 million) over a 7+1-year period. This agreement enhances Findi's status as a leading Brown Label ATM service provider in India, where it operates over 9,000 ATMs for 13 major banks. The deal marks Findi's third major transaction of the year, following its acquisition of BankIT, which expanded its merchant network to over 180,000 touchpoints. Findi's CEO, Deepak Verma, emphasized the importance of this expansion for improving banking access in underserved urban and rural areas. Additionally, Findi has secured regulatory approval for a full acquisition of Tata Communications Payment Solutions Ltd, further solidifying its position in the financial services sector. This initiative aligns with Findi's broader vision of enhancing financial inclusion and accessibility across India.