Indian payments and commerce solutions provider Hitachi Payment Services launches of the country’s first-ever UPI-ATM as a White Label ATM (WLA) in association with National Payments Corporation of India (NPCI), offering secure card-less cash withdrawals. The UPI-only White Label ATM significantly enhances customer security by eliminating the need for physical cards.
The Hitachi Money Spot UPI ATM promises customers a unified and secure user experience while providing the convenience of card-less cash withdrawals. Furthermore, it aims to drive financial inclusion by facilitating easy access to banking services, particularly in regions where traditional banking infrastructure and card usage are limited.
Leveraging cutting-edge technology, the Hitachi Money Spot UPI ATM offers a seamless digital experience for customers. Hitachi Payment Services has consistently been at the forefront of introducing innovative payment solutions and currently stands as the sole White Label ATM operator to offer Cash Deposit facilities, available at over 3,000 ATM locations.
Sumil Vikamsey, Managing Director & Chief Executive Officer – Cash Business, Hitachi Payment Services, said, “As India’s leading end-to-end payments and commerce solutions provider, we are happy to launch an industry-first offering in the White Label ATM space with Hitachi Money Spot UPI ATM. This novel offering empowers any bank customer to experience the convenience of QR-based UPI cash withdrawals. UPI has been the fastest growing payment mode in the country and accounts for more than 50% of digital transaction volumes. The Hitachi Money Spot UPI ATM is a testament to Hitachi Payment Services’ technological capabilities and commitment towards making innovative banking services accessible to citizens across the country.”
Mahesh Patel, Director – Products and Digital Transformation, Hitachi Payment Services, said “We are excited to launch the country’s first-ever UPI ATM on Android platform for our White Label ATM network in association with NPCI. The Hitachi Money Spot UPI ATM is built on Android OS and brings in significant possibilities of transitioning from legacy architecture of transaction processing and ATM management to offering solutions in line with evolving technology. We believe the UPI ATM is a major milestone in the banking landscape.”
National Payments Corporation of India (NPCI), said, “We are delighted to empower customers with this innovative and customer-friendly enhancement for ATM transactions. The launch of the ‘UPI ATM,’ will mark a significant milestone in banking services by seamlessly integrating the convenience and security of UPI into traditional ATMs. This innovative concept is designed to provide quick access to cash even in the remote areas of India without the need for a physical card. “
Hitachi Payment Services has been a pioneer in the Indian payment industry, offering a comprehensive range of payment solutions, including ATM Services, Cash Recycling Machines, White Label ATMs, POS Solutions, Toll & Transit Solutions, Payment Gateway Solutions, and innovative offerings like SoftPOS, POS Value Added Services, and next-gen mobile-based merchant platforms that enable end-to-end services. The company remains dedicated to delivering exceptional customer experiences and promoting financial inclusion throughout India.