Transaction Solutions International (India) Pvt Ltd

What Transaction Solutions International (India) Pvt Ltd does

Transaction Solutions International (India) Pvt Ltd (TSI) is a New Delhi-headquartered, private financial services infrastructure company incorporated in 2005 and majority-owned by ASX-listed Findi Limited. The company provides end-to-end ATM management and managed services to 40+ institutions across 20+ Indian states, including leading public sector banks, private sector banks, financial institutions, utility companies, and MSME businesses. TSI operates a B2B enterprise sales model, generating revenue primarily through managed service fees for ATM network management, transaction processing, electronic surveillance monitoring, and IoT-based power management services.

The company's core product portfolio consists of four interconnected offerings: ATM Solutions providing complete end-to-end transaction processing and managed services for banks and white-label ATM operators; the homegrown FindiPay marketplace platform enabling domestic money transfers, utility bill payments, ticket and hotel bookings, cash withdrawals, and assisted e-commerce at merchant outlets; an in-house electronic surveillance solution with computer-vision-based monitoring; and an IoT-based power management system integrated with surveillance that delivers up to 30% electricity savings. Underlying technology spans in-house developed surveillance systems with image analytics, IoT sensor platforms, and a payments marketplace capable of processing cash, cheque, and card transactions across kiosk, mobile, and tablet form factors.

TSI's go-to-market combines direct enterprise sales to banks and financial institutions with a franchisee partner network for merchant outlet expansion. The company processes INR 1.5 trillion across 550+ million transactions annually. Strategic expansion has been driven by the RBI-approved acquisition of Tata Communications Payment Solutions Limited's white label ATM business, the AUD 30 million acquisition of Bankit Ltd by parent Findi Limited, and a 2026 binding term sheet for up to INR 418 crore in strategic capital from Nova Global Opportunities Fund PCC to scale ATM deployment and the integrated cash-and-digital payments ecosystem across rural, semi-urban, and high-growth regions of India.

Name

Transaction Solutions International (India) Pvt Ltd

Legal name

Transaction Solutions International (India) Pvt Ltd

Website

https://tsiplc.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

TSI provides end-to-end ATM management, electronic surveillance, IoT-based power management, and the FindiPay digital payments marketplace to 40+ banks, financial institutions, and MSME merchants across 20+ Indian states, processing INR 1.5 trillion annually.

Ownership category

akta.pro rank

Product category

ATM Managed Services & Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure) (FSAMABAJ)

akta.pro secondary industries

Payment Gateways & API Connectivity (FSAGABAB), Payments Operations (ACH/Wire/RTGS, SWIFT, SEPA, Checks) (FSABALAB), Real-Time Payments (RTP) Processing & Clearing (FSAMAHAC)

Keywords

• ATM managed services
• Electronic surveillance solutions
• Payment processing platforms
• Financial inclusion services
• Merchant payment marketplace

Headquarters

HQ city

Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. ATM Management and Managed Services: TSI manages ATMs for leading public and private sector banks and white label operators across India, providing complete transaction processing and managed services. Revenue is generated through service fees for ATM network management.
2. Merchant Assisted Marketplace: FindiPay platform enables customers to initiate domestic money transfers, pay utility bills, book tickets, withdraw cash, and access assisted e-commerce at merchant outlets. Revenue generated through transaction fees on services processed.
3. Electronic Surveillance Services: Real-time surveillance monitoring services for ATM sites with video analytics, providing proactive security threat deterrence and intervention services.
4. Power Management Solutions: IoT-based power management and monitoring services for ATM sites, helping optimize energy consumption with proven savings up to 30% on electricity units.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

TSI provides end-to-end ATM transaction processing and managed services for public and private sector banks and white label ATM operators across India. The company also operates FindiPay, a URL and app-based payments marketplace enabling domestic money transfers, utility bill payments, ticket/hotel bookings, cash withdrawals, and assisted e-commerce at merchant outlets. Additionally, TSI delivers in-house electronic surveillance with image analytics and IoT-based power management for ATM sites.

Product overview

TSI is transforming from an ATM service provider for major Indian banks into a dynamic payments company offering multiple interconnected solutions. The core product portfolio consists of ATM Solutions (end-to-end transaction processing and managed services), FindiPay (a digital payments marketplace for domestic transfers, bill payments, and cash withdrawal), Electronic Surveillance (in-house monitoring with image analytics), and Power Management (IoT-based energy management integrated with surveillance). The company processes INR 1.5 Trillion annually across 550+ million transactions, serving 40+ institutions in 20+ states across India.

Differentiator

Problem solved

Functional benefit

Brands

• FindiPay: TSI's homegrown URL & App based Payments Marketplace platform enabling domestic money transfer, utility bill payments, air ticket and hotel bookings, cash withdrawal, assisted E-Commerce and other services at merchant outlets.

Products and services

• ATM Solutions

Quantifiable outcome

• INR 1.5 Trillion processed per year
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and major.

• Findi Limited (ASX: FND)coreStrategic or Co-development PartnerFindi Limited is the majority-owned parent company of TSI. Findi acquired TSI as part of its strategy to strengthen financial services platform aspirations, including the AUD 30 million acquisition of Bankit Ltd. Findi completed board renewal with appointments to support TSI's governance.
• Tata Communications Payment Solutions Limited (TCPSL)majorStrategic or Co-development PartnerTSI has signed a strategic deal to acquire Tata Communication's White Label ATM Business. RBI has approved Findi's acquisition of TCPSL. This acquisition represents a significant expansion of TSI's ATM network and operational footprint.
• Bankit LtdmajorStrategic or Co-development PartnerFindi strengthened its financial services platform aspirations with the AUD 30 million acquisition of Bankit Ltd, integrated through TSI operations to expand the digital payments ecosystem.
• Leading Public and Private Sector BankscoreChannel Partner/ Reseller/ DistributorTSI manages ATMs for leading public and private sector banks across India, providing complete end-to-end transaction processing and managed services. The company services 40+ institutions.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• AGS Transact Technologies: Provides ATM management, payment solutions and automation services to banks and financial institutions across India - overlapping directly with TSI's ATM managed services and merchant payments offerings.
• Hitachi Payment Services: Operates ATM and payment processing services for Indian banks and WLA operators, and provides managed services around ATM deployment - a close analogue of TSI's core business model.
• Vakrangee: Operates a large banking correspondent and assisted e-commerce network across rural and semi-urban India, addressing financial inclusion - directly comparable to TSI's FindiPay marketplace strategy.
• CMS Info Systems: India's largest ATM management and cash services company, serving most major Indian banks with managed ATM, cash replenishment and security services - directly comparable to TSI's ATM Solutions business.
• Spice Money: Digital payments and financial services platform offering AEPS, money transfer and bill payment services through a merchant/agent network - competing head-to-head with FindiPay in the merchant-assisted payments space.

Emerging players

• PayNearby: Digital services and assisted payments platform operating through a large retailer and BC agent network across India - relevant comparable for FindiPay's merchant-assisted marketplace model.
• Fino Payments Bank: Payments bank focused on financial inclusion via a domestic money transfer, AePS and merchant services network - overlapping with FindiPay's merchant marketplace and cash-based transaction use cases.

Broad incumbents

• NCR Atleos: Global ATM manufacturer and services provider spun out of NCR - competes with TSI on ATM managed services and software, particularly for international banks operating in India.
• Euronet Worldwide: Global ATM and payments processor with a meaningful India footprint through Euronet Services India - comparable scale and end-market to TSI, though operating as a much larger diversified incumbent.

Others

• Findi Limited: ASX-listed parent company of TSI India - included because TSI's strategy and capital allocation are directly set by Findi Limited, and Findi's broader portfolio (including Bankit) is the closest ecosystem peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tsi-india-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Transaction Solutions International (India) Pvt Ltd