I haven’t looked into the company but how will it benefit from...

First 10 Last

Share
Profile

Follow
ma420

8,227 Posts.

2060

01/08/24

10:35

Post #: 75021410
Share

Originally posted by sathyannair: ↑

I've lived in India for about 30 years and visit every 2 years.

But I have not travelled to the rural and semi-rural India. Just the fact that the currency in circulation (CIC) is growing as slightly faster than the GDP. Currently the CIC is about 12-15% of the GDP. If CIC is growing the cash dispensing business also should grow.

Now FindiPay, which Findi is planning to transform into a Banking Correspondence (BC) business will act as the customer facing centres of major banks in semi-urban and semi-rural India and collect commissions for fulfilling the unbanked and under-banked communities. There are about 9 services to be delivered through these FindiPay outlets.

And lastly the macro picture, currently the equity component of Indian's wealth is about 7%, where in US it is about 50% and in emerging economies it is about 20%. Indians in total save about 800 billion USD. The total number of demat accounts over the last 3-4 years have been growing fast.

Expand

I haven’t looked into the company but how will it benefit from the Demat account increasing? Are they in that space? Will be interesting if that’s the case.

FND Price at posting: $3.90 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Almonty Industries – Now it is getting critical!

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

RML

Resolution Minerals charges further into antimony space with Horse Heaven acquisition

First 10 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $3.71		Change -0.020(0.54%)		Mkt cap ! $229.2M

Open	High	Low	Value	Volume
$3.74	$3.81	$3.67	$408.8K	110.0K

Buyers (Bids)

No.	Vol.	Price($)
1	690	$3.67

Sellers (Offers)

Price($)	Vol.	No.
$3.75	7067	2

View Market Depth

No.	Vol.	Price($)
1	690	3.670
2	10275	3.660
2	2565	3.650
1	2000	3.620
2	2000	3.600

Price($)	Vol.	No.
3.750	7067	2
3.800	4900	1
3.820	2500	1
3.840	3500	1
3.850	2457	1

Last trade - 16.10pm 19/06/2025 (20 minute delay)

FND (ASX) Chart

I haven’t looked into the company but how will it benefit from...

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Almonty Industries – Now it is getting critical!

Many are concerned about global falling birthrates. This diverse stock has solutions

Resolution Minerals charges further into antimony space with Horse Heaven acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I haven’t looked into the company but how will it benefit from...

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Almonty Industries – Now it is getting critical!

Many are concerned about global falling birthrates. This diverse stock has solutions

Resolution Minerals charges further into antimony space with Horse Heaven acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News