Findi Limited announced a further update regarding its contract with Central Bank of India (CBI) with the deployment of ATMs under the contract having surpassed 1,000 ATMs with these ATMs being live and transacting. The milestone comes soon after the deployment of the 500th ATM. The rate of deployment is accelerating as CBI moves to approve as many sites as possible for operation.

Consequently, the balance of 1,550 ATMs to be deployed remains on track to be completed by the end of this financial year (March 2023). The installed ATMs continue to show strong transaction trends, with ATM's in place longer than 90 days averaging 100+ transactions per day per ATM. The profile of the approval and deployment of the ATMs under the CBI contract is now as follows: 1,000 sites live and transacting; 1,000 sites approved by CBI with ATMs in the process of being installed; and 550 sites awaiting approval by CBI.

The majority of the latest 500 ATMs deployed are located in rural and semi-rural areas of India, where cash transactions are far more prevalent. The availability of Findi's ATMs in these regions supports financial inclusion and enables transactions for the unbanked population.