I agree. The ATM business is still highly profitable. Life span of an ATM is circa 8-10 years which is probably about perfect if they're deploying new ones at the moment as that will likely match or need a slight extension while India transitions away from cash.
At the same time they have to make sure FindiPay is the solution and transition. Problem is that it will be a highly competitive space. Deploying ATMs isnt as easy which means if you're good at it your semi protected. Banks dont really want the hassle, etc. Processing payments and taking a clip is mostly software and existing players including the likes of VISA / MasterCard of course will all be playing.
FindiPay, page-3
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