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Hitachi Payment Services Launched White Label UPI-ATM with NPCI

Published on September 07, 2023
Current Context: Hitachi Payment Services launched the country’s first UPI-ATM as a White Label ATM (WLA) named Hitachi Money Spot UPI-ATM in association with National Payments Corporation of India (NPCI) on September 5, 2023.
Hitachi Payment Services Launched White Label UPI-ATM with NPCI
  • Hitachi Payment Services is a subsidiary of Japan-based Hitachi Ltd and a leading payments and commerce solutions provider in India.
  • UPI-ATM is a new concept that allows users to withdraw cash from multiple accounts using the United Payments Interface (UPI) app, without the need for physical cards.
  • The Hitachi Money Spot UPI-ATM is built on Android OS and offers secure card-less cash withdrawals, cash deposit facility, and seamless digital experience for customers.
  • The UPI-ATM is expected to enhance customer security, drive financial inclusion, and facilitate easy access to banking services in areas where traditional banking infrastructure and card penetration is limited.

Question:

Q.1 What is the name of the subsidiary of Hitachi Ltd that launched the UPI-ATM in India?
a. Hitachi Payment Services
b. Hitachi Financial Services
c. Hitachi Commerce Solutions
d. Hitachi Banking Services
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