Tata Communications finalises sale of payment solutions unit to TSI

Tata Communications has completed the divestment of its wholly owned subsidiary, Tata Communications Payment Solutions Limited (TCPSL), to Transaction Solutions International (India) Pvt Ltd (TSI), a majority-owned subsidiary of Australian digital payments and financial services provider Findi, the company has announced.

The transaction, initially announced on November 13, 2024, has been finalised following regulatory approval from the Reserve Bank of India (RBI) and the fulfillment of all agreed-upon conditions.