Rapid ATM Expansion and Digital Growth Pose Execution Challenges for Findi

White Label ATM Franchise Accelerates

Findi Limited has reported a remarkable surge in its White Label ATM (WLA) franchise sales, doubling the number of units sold from 563 in mid-October to 1,123 by the end of the month. This rapid uptake, achieved within just two weeks of launching the new franchise program, reflects strong demand from entrepreneurs and businesses eager to operate Findi-branded ATMs across India. The company expects all newly sold ATMs to be operational and cash-live within 90 days, expanding its physical footprint significantly.

Record Digital Transaction Volumes on Bankit Platform

Complementing its physical expansion, Findi’s Bankit digital payments platform achieved a record annualised Gross Transaction Value (GTV) of A$5.26 billion in October 2025. The platform now supports over 165,000 registered merchants, an increase of more than 2,200 from the previous month. This milestone underscores the growing consumer adoption of digital financial services, including Aadhaar-enabled payments and cash withdrawals, reinforcing Bankit’s role as a key player in India’s digital payments ecosystem.

Synergistic Growth Across Physical and Digital Channels

Findi’s dual focus on expanding its ATM network and scaling its digital platform is creating a synergistic effect, driving merchant acquisition and transaction volumes. The company’s “Distribution-as-a-Service” model empowers local merchants to serve their communities, enhancing financial inclusion. This integrated approach positions Findi to build a robust national payments footprint, leveraging both physical infrastructure and digital innovation.

Strong Performance During Diwali Festival

During the October Diwali festival, Findi’s partnership with the State Bank of India (SBI) delivered a 6.7% increase in transactions at existing ATMs and a 14% increase at newly deployed machines. The rollout of additional ATM sites under contracts with SBI, Union Bank of India, and Central Bank of India is on track for completion by March 2026, further solidifying Findi’s presence in the Indian banking landscape.

Looking Ahead

Executive Chairman Nicholas Smedley highlighted the strong momentum behind Findi’s strategy, emphasizing the complementary growth of physical and digital channels. The company remains confident in delivering sustained growth and value for shareholders as it continues to scale its operations across India’s evolving financial services market.