Through the HPX initiative, Hitachi Payment Services will collaborate with disruptive players in the fintech and payments segments and thereby deliver superior payment experiences through innovation for businesses and consumers.
Mumbai, October 13, 2023: Hitachi Payment Services, India’s leading payment and commerce solutions provider, today announced the launch of its innovation program, HPX. This initiative is an important step in the company’s commitment to revolutionize the payments industry by collaborating with fintech startups for long-term investments.
Through the HPX initiative, Hitachi Payment Services will collaborate with disruptive players in the fintech and payments segments and thereby deliver superior payment experiences through innovation for businesses and consumers. This ambitious program will bring together a wide range of entrepreneurs who have been working on technology solutions to shape the future of payments.
The HPX initiative offers a full range of benefits to participants, including access to capital, accelerated commercialization of innovative payment solutions, invaluable access to key industry partnerships and the unique opportunity to expand their influence globally. beyond the borders of India.
As 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, payment compliance and ‘AI/GenAI.
Anuj Khosla, general manager, digital business, Hitachi Payment Services, said: “With the launch of HPX, Hitachi Payment Services strives to innovate, collaborate and deliver superior payment experiences to merchants and customers. Using the expertise of the startup community, we will present cutting-edge solutions to our stakeholders. With HPX, we will unite evolving technologies, new-age entrepreneurs and visionaries to implement innovative ideas that drive significant change in the payments landscape.
Hitachi Payment Services, a pioneer in the payments industry in India, offers a comprehensive range of payment solutions including ATM Services, Cash Recycling Machines, White Label ATMs, Point of Sale Solutions , tolling and transit solutions, payment gateway solutions and innovative offerings such as SoftPOS, POS Value Added Services and a next generation mobile merchant platform enabling end-to-end services. It recently launched the country’s first-ever UPI ATM as a White Label ATM (WLA) in association with the National Payments Corporation of India (NPCI), offering secure cardless cash withdrawals. Built on the Android operating system, the Hitachi Money Spot UPI ATM will provide customers with a unified and secure user experience, providing them with the convenience of QR-based UPI cash withdrawals while driving financial inclusion across the country. India.
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