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Findi ( (AU:FND) ) just unveiled an announcement.
Findi Limited has announced its application for two new licenses from the Reserve Bank of India to operate as a Prepaid Payment Instrument issuer and a Payment Aggregator and Payment Gateway. These licenses are pivotal in Findi’s strategy to become a fully-fledged payments bank in India, enhancing its product portfolio and enabling digital payment access to millions of Indians without conventional bank accounts. The initiatives are expected to significantly improve product margins, unlock new revenue streams, and strengthen Findi’s position in the digital commerce landscape by providing a seamless integration of digital and physical payment solutions. This move supports government goals and empowers both individuals and merchants by offering intuitive and secure digital payment options, thereby fostering deeper engagement across various sectors including education, healthcare, and e-commerce.
The most recent analyst rating on (AU:FND) stock is a Buy with a A$7.55 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
More about Findi
Findi Limited is a digital payments and financial services provider focused on bridging the gap between cash-first and digital-first ecosystems in India. The company offers a comprehensive digital payment solution through its White Label Network, leveraging a vast infrastructure of ATMs and merchant outlets to provide services such as remittance, utilities, insurance, and micro-credit.
Average Trading Volume: 182,021
Technical Sentiment Signal: Buy
Current Market Cap: A$257.7M
For an in-depth examination of FND stock, go to TipRanks’ Overview page.