Archive · 14 Sep 2025
India1 Payments' CEO Steps Down, Shifts Focus to Fintech
India1 Payments, a big ATM company in India, is changing things up.
The CEO, K. Srinivas, is moving to a new role and letting the younger team lead.
They're creating a new technology division called Paysis to help small banks with their tech.
India1 wants to offer digital services since people are using ATMs less.
They operate lots of ATMs, especially in rural areas.
This change helps India1 to stay relevant in the changing world of banking and technology.
K. Srinivas is transitioning from CEO to executive vice-chairman.
India1 is launching a fintech arm named Paysis.
The company holds a significant market share in white-label ATMs.
India1 is the third-largest ATM brand in India.
The new fintech arm will target smaller banks with transaction services.
- Who
- K. Srinivas and India1 Payments.
- What
- K. Srinivas stepped down as CEO of India1 Payments and the company launched a fintech arm.
- When
- K. Srinivas is transitioning from day-to-day operations.
- Where
- India.
- Why
- To pivot towards digital services and offset slowing ATM growth.
- Company
- India1 Payments
- Former CEO
- K. Srinivas
- New CEO (ATM)
- Kumar Krishnan
- New Fintech Arm
- Paysis
- ATM Market Share
- 40%
- ATM Count
- 14,500
- FY25 Revenue
- ₹670 crore