Hitachi Payment Services, the premier provider of payments and commerce solutions in India, has announced the successful installation of 10,000 White Label ATMs (WLAs) across the country. These ATMs, branded as Hitachi Money Spot ATMs, are strategically placed in semi-urban and rural regions, enhancing accessibility to essential banking services and empowering citizens with convenient financial solutions.
The inception of Hitachi Payment Services as a White Label ATM Operator traces back to 2013 when it secured the WLA license. Since then, the company has unwaveringly dedicated itself to advancing financial inclusion. It has led numerous initiatives for its WLA network, such as introducing Cash Recycling Machines (CRMs) and facilitating Interoperable Cash Deposits (ICD). Presently, it stands as the sole WLA operator providing cash deposit capabilities.
Additionally, the company has launched a pioneering UPI ATM on the Android platform, enabling card-less cash withdrawals—an innovation poised to bolster financial inclusion by simplifying access to banking services, particularly in regions with limited traditional banking infrastructure and card usage. Moreover, it has diversified its portfolio by venturing into the financial inclusion sector, providing a comprehensive suite of services including AEPS, Domestic Money Transfers, Bill Payments, Mobile & DTH recharges, and Micro ATM services under the brand Hitachi Money Spot Plus. This expansion aims to deepen market penetration and enrich banking experiences for users.
Mr. Sumil Vikamsey, Managing Director & CEO – 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”.
Mr. Santhosh Nair, Director of 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 is a pioneer in the payment industry in India, offering 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 innovative offerings such as SoftPOS, POS Value Added Services and next-gen mobile based merchant platform. The company has launched an Innovation program to support fintechs and recently acquired a Cash-in-transit company. It is also the largest provider of CRMs through its sister concern’s Make in India initiative.