back Back

Hitachi Payment Services goes live with white label ATMs in India

By Gloria Mathias

March 28, 2024

  • Cash Management Business
  • Financial Inclusion
  • Financial Innovation
Share

Hitachi Payments, Payments services, Writers Corporation, Cash Management Business, One payments solutions, Merchants transactions, HPX, Fintech Startups, Financial Innovation, India, Hitachi Money Spot Plus, Fintech news, Fintech solutions, Hinterlands of India , Rural India, Financial Inclusion, YES Bank, White Label ATMs, Hitachi Payment Services, India’s payments and commerce solutions provider, announced that it has completed the deployment of 10,000 white-label ATMs (WLAs) in India.

Operating under the brand name Hitachi Money Spot ATM, it has a strong presence in semi-urban and rural areas, enabling wider accessibility and empowering citizens with convenient banking services.

The company also introduced UPI ATMs on the Android platform for card-less cash withdrawals. This offering will further drive financial inclusion by facilitating easy access to banking services in areas where traditional banking infrastructure and card penetration are limited.

Furthermore, it expanded into the financial inclusion business, offering a range of services such as AEPS, domestic money transfers, bill payments, mobile & DTH recharges, and micro ATM services under the brand Hitachi Money Spot Plus, aimed at driving penetration and enhancing banking experiences.

Sumil Vikamsey, Managing Director & CEO of Cash Business, Hitachi Payment Services, said, “We are happy to reach the milestone of deploying 10,000 Hitachi Money Spot ATMs. This milestone reaffirms Hitachi Payment Services’ unwavering commitment to promoting financial inclusion through its end-to-end payments and commerce solutions, along with a strong emphasis on technology and innovation. By expanding access to banking services in underserved and untapped areas, we continue to empower communities and contribute to inclusive socio-economic growth.”

Santhosh Nair, Director, WLA Business, Site Acquisition & Projects, Hitachi Payment Services, said, “At Hitachi Payment Services, we are proud to reach the significant milestone of deploying 10,000 Hitachi Money Spot ATMs. We are committed to expanding our services in the remotest corners of the country, having already established a comprehensive presence for WLAs across India, spanning 28 states and 6 union territories. This achievement reflects our team’s relentless efforts in providing innovative, efficient, and reliable banking services that cater to the varied needs of customers.”

Hitachi Payment Services offers a comprehensive range of end-to-end payments and commerce solutions, including ATM Services, Cash Recycling Machines, White Label ATMs, POS solutions, Toll & Transit Solutions, Payment Gateway Solutions and offerings such as SoftPOS, POS Value Added Services and next-gen mobile-based merchant platform.

Previous Article

March 28, 2024

Maybank & Doxa team to offer supply chain financing solutions

Read More
Next Article

March 28, 2024

Sandbox Banking & Plaid to enhance identity verification and banking solutions

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Cash Management Business

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

PXP Financial taps Mastercard to tackle payment fraud

Read More

Today

GoCardless extends partnership with Sage to reach new markets

Read More

Today

Al Ansari Exchange integrates Aani for seamless instant payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023