Hitachi Payment Services launches HPX, a FinTech startups program

By Gloria Mathias

Hitachi Payment Services, India’s payments and commerce solutions provider has announced the launch of its innovation program, HPX.

This initiative is a step in line with the company’s commitment to revolutionize the payment industry by collaborating with FinTech startups for long-term investment. Through the HPX initiative, Hitachi Payment Services will collaborate with disruptors in the FinTech and payments segment, and thereby provide payment experiences through innovation for businesses and consumers.

This ambitious program will bring together a diverse range of entrepreneurs who have been working on technology-led solutions to shape the future of payments. The HPX initiative offers a comprehensive range of benefits for participants, including access to capital, expedited commercialization of innovative payment solutions, invaluable access to key industry partnerships, and the unique opportunity to extend their influence beyond India’s borders.

As a part of HPX, the company will focus on key segments such as Core Banking, Banking as a Service, Embedded Finance, Web 3.0/ CBDC, Issuance, Payments Compliance and AI/GenAI.

Anuj Khosla, Chief Executive Officer of Digital Business at Hitachi Payment Services, said, “With the launch of HPX, Hitachi Payment Services strives to innovate, collaborate, and deliver superior payment experiences for merchants and customers. With the startup community’s expertise, we will introduce cutting-edge solutions to our stakeholders. With HPX, we will unite evolving technologies, new-age entrepreneurs, and visionaries to implement innovative ideas that drive meaningful change in the payments landscape.”

Hitachi Payment Services offers a range of payment solutions including ATM Services, Cash Recycling Machines, White Label ATMs, POS Solutions, Toll and transit Solutions, Payment Gateway Solutions, and innovative offerings such as SoftPOS, POS Value value-added services and mobile-merchant platforms enabling end-to-end services.

It recently launched the country’s UPI-ATM as a White Label ATM (WLA) in association with the National Payments Corporation of India (NPCI), offering secure card-less cash withdrawals. Built on Android OS, the Hitachi Money Spot UPI ATM will provide customers with a unified and secure user experience, offering them the convenience of QR-based UPI cash withdrawals while driving financial inclusion across India.