The Asia/Asia Pacific Region Just Got Stronger!

India1 Payments Limited has carved out a distinguished reputation of being India's largest independent non-bank ATM operator, authorized by India’s Central Bank (Reserve Bank of India). Operating under the brand name “India1ATM,” the company has driven financial inclusion by providing access to cash through its ATMs in underpenetrated semi-urban and rural (SURU) areas. India with a weak banking infrastructure, has one of the lowest ATM penetrations at just 22 ATMs / 100K population, and these further drop to just 13 ATMs for SURU areas. This vast untapped market offers India1 Payments a unique opportunity for continued growth and expansion.

From its inception in 2014, India1 Payments has grown exponentially. As of Jun 30th, 2024, the company operates a vast network of ~14,000 ATMs spanning 16 states. India1 is the second largest ATM brand for SURU customers and is the largest deployer of ATMs in India’s SURU areas from its inception.

India1 Payments' strategic focus on underbanked regions has led to significant achievements, with a rapidly growing market share, now at 10% of off-us ATM transactions across the country. With a Compound Annual Growth Rate (CAGR) of 26% in cash dispense, India1 handled transactions worth INR 1 trillion in FY24, and its revenue grew by 20% over the last two years. India1's extensive network spans 9,000 unique towns, within the country, serving over 60 million unique customers annually, and has a robust partner network of 1500+ franchises.

In addition to its ATM services, India1 Payments also offers switching and card management solutions through its proprietary platform, ‘Paysis’, supported by a global leader in real-time payments. Paysis has processed over 1 billion transactions so far and achieved a peak of 2.5 million transactions in a single day. It is certified by the National Payments Corporation of India (NPCI) for switch operations, ATM terminals, and sponsor bank services. Its extensive payment technology expertise and fully integrated digital solutions ensure reliable high-volume transaction processing and customer satisfaction.

With a commitment to bridging geographic and demographic divides, empowering millions with access to essential banking services, India1 Payments aspires to become the one-stop financial services platform for India’s 1 billion underbanked population. Learn more about India1 here.