Tata Communications to sell ATM business to fintech - The Legend of Hanuman

Tata Communications to sell ATM business to fintech


Tata Communications has received approval to sell its Tata Communications Payment Solutions to Findi’s Indian subsidiary: Transaction Solutions International. This transaction will include more than 7,500 ATMs, according to a report by Times of India.

The transaction was valued at nearly 38 million dollars. With this acquisition, Findi will be able to expand its presence in India and serve underbanked populations.

In particular, Findi will now operate more than 4,600 Indicash ATMs. It will have more than 12,000 ATMs in its total network in Asia.


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