I guess we all have our own perspectives on this and this is a...

I guess we all have our own perspectives on this and this is a good thing.

My perspective is that the licence is granted subject to the compliance provision as stated. Some may think of this as “provisional”, whatever that means for you. I consider it as very minor issue and the fact that TSI India have been operating brown label ATMs for many years would support this.

Also important to note that one of the stated initial use of the white label ATM licence was to repurpose the machines currently in place for SBI. The new contract does not start until towards the latter part of the year.

I also noted in the most recent announcement that Findi now has more than 45,000 service locations across all products covering almost all indian States / Union Territories.

I am assuming that this implies the target of 25,000 Findipay operators has been met by 31 March. The prior update had a GVM digital processing of $160m with an anticipated 25% increase forecast. ie: $200m.
Will be very interesting to see how the digital payments part of this business scales in GVM and contribution to profits.

Cheers Anton.