This is definitely positive for Findi going forward … plus we need to understand how this may influence FindiPay/Bankit fees.
However, the Reserve Bank of India (RBI) granted approval for Findi’s acquisition of Tata Communications Payment Solutions Ltd (TCPSL) in February 2025. The contingent payment clause specifies that an additional payment is due if the RBI increases the interchange fee within 90 days from the execution date or receipt of RBI consent, whichever is later.
Given that today is 14 March 2025, and assuming the RBI consent was received in February 2025, we are currently within the 90-day period following the RBI’s approval.Therefore, if the RBI increases the interchange fee within this 90-day window, the contingent payment would be applicable.
Which appears to be the case. Cheers Anton
FND Price at posting:
$4.56 Sentiment: Buy Disclosure: Held
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