A New Era of Banking: Unveiling India's First UPI ATM on Android Platform

Hitachi Payment Services is transforming the future of the financial landscape with pioneering cash and digital payment innovations. Cementing its position as one of the leading providers of end-to-end payments and commerce solutions, Hitachi Payment Services has introduced next-gen ATM technology that reimagines transactions beyond physical cards - India’s first UPI* ATM¹ - a White Label ATM (WLA) in association with National Payments Corporation of India (NPCI).

Hitachi Money Spot UPI ATM effortlessly synergizes the digital world with the convenience of cash, empowering any bank account holder to withdraw cash using a UPI app. The innovation has reaffirmed Hitachi Payments’ commitment to drive India’s inclusive growth story and financially empower citizens with a robust payments infrastructure that reaches every corner of the nation.

*Unified Payments Interface

Step into the Future of Banking with Hitachi Money Spot UPI ATM!

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Empowering Features

• Innovative design
• One-touch experience
• Reliable & durable
• Opens up new business avenues

India's First UPI ATM on Android Platform

• India’s first UPI ATM as a White Label ATM (WLA) launched by Hitachi Payment
  Services in association with National Payments Corporation of India (NPCI).
• Offering citizens the convenience of secure QR-based card-less
  cash withdrawals.

How the UPI-ATM Operates

• Select the ‘UPI cash withdrawal’ option or similar term on the ATM and
  select the amount you wish to withdraw.
• A unique dynamic QR code for the selected amount appears on the ATM screen.
• Scan this QR code using any UPI app.
• Validate the transaction by entering your PIN on the mobile app.
• Collect the requested cash!

Empowering Features

• Innovative design
• One-touch experience
• Reliable & durable
• Opens up new business avenues

India's First UPI ATM on Android Platform

• India’s first UPI ATM as a White Label ATM (WLA) launched by Hitachi Payment
  Services in association with National Payments Corporation of India (NPCI).
• Offering citizens the convenience of secure QR-based card-less
  cash withdrawals.

How the UPI-ATM Operates

• Select the ‘UPI cash withdrawal’ option or similar term on the ATM and
  select the amount you wish to withdraw.
• A unique dynamic QR code for the selected amount appears on the ATM screen.
• Scan this QR code using any UPI app.
• Validate the transaction by entering your PIN on the mobile app.
• Collect the requested cash!

Empowering Features

• Innovative design
• One-touch experience
• Reliable & durable
• Opens up new business avenues

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Driving Digital India’s Inclusive Growth

Digital: Internet penetration in India is expanding expeditiously

Cash: Cash remains an indispensable and widely embraced mode of payment in India

Synergizing Digital & Cash with UPI ATM

Synergizing Digital & Cash with UPI ATM

• Hitachi Money Spot UPI ATM seamlessly integrates the convenience and security of UPI into ATMs.
• Provides quick access to cash even in regions with limited traditional banking infrastructure and low card penetration, thus facilitating financial inclusion.

Digital: Internet penetration in India is expanding expeditiously

• 759 million internet users in India for 2022 - 399 million are from rural India, while 360 million are from urban India.²
• By 2025, internet base in India to reach 900 million with 56% of all new internet users from rural India.²
• UPI has accrued nearly 260 million users as of December, 2023.³

Cash: Cash remains an indispensable and widely embraced mode of payment in India

• Currency in Circulation data recorded at 33,626,633.751 INR million on 29 December, 2023.⁴
• INR 1.35 crore of cash replenished on average in an ATM in a month (FY23).⁵
• 6 billion ATM transactions worth about 32.9 trillion Indian rupees recorded across India (FY23).⁶

Synergizing Digital & Cash with UPI ATM

• Hitachi Money Spot UPI ATM seamlessly integrates the convenience and security of UPI into ATMs.
• Provides quick access to cash even in regions with limited traditional banking infrastructure and low card penetration, thus facilitating financial inclusion.

Digital: Internet penetration in India is expanding expeditiously

• 759 million internet users in India for 2022 - 399 million are from rural India, while 360 million are from urban India.²
• By 2025, internet base in India to reach 900 million with 56% of all new internet users from rural India.²
• UPI has accrued nearly 260 million users as of December, 2023.³

Cash: Cash remains an indispensable and widely embraced mode of payment in India

• Currency in Circulation data recorded at 33,626,633.751 INR million on 29 December, 2023.⁴
• INR 1.35 crore of cash replenished on average in an ATM in a month (FY23).⁵
• 6 billion ATM transactions worth about 32.9 trillion Indian rupees recorded across India (FY23).⁶

Synergizing Digital & Cash with UPI ATM

• Hitachi Money Spot UPI ATM seamlessly integrates the convenience and security of UPI into ATMs.
• Provides quick access to cash even in regions with limited traditional banking infrastructure and low card penetration, thus facilitating financial inclusion.

"We are delighted to empower customers with this unique and customer-friendly enhancement for ATM transactions. The launch of the ‘UPI ATM,' will mark a significant milestone in the banking services."

National Payments Corporation of India (NPCI)

“The Hitachi Money Spot UPI ATM is a testament to the technological capabilities and commitment of Hitachi Payment Services towards making innovative banking services accessible to the citizens across the country.”

Sumil Vikamsey, Managing Director & Chief Executive Officer – Cash Business, Hitachi Payment Services

"We are delighted to empower customers with this unique and customer-friendly enhancement for ATM transactions. The launch of the ‘UPI ATM,' will mark a significant milestone in the banking services."

National Payments Corporation of India (NPCI)

“The Hitachi Money Spot UPI ATM is a testament to the technological capabilities and commitment of Hitachi Payment Services towards making innovative banking services accessible to the citizens across the country.”

Sumil Vikamsey, Managing Director & Chief Executive Officer – Cash Business, Hitachi Payment Services

"We are delighted to empower customers with this unique and customer-friendly enhancement for ATM transactions. The launch of the ‘UPI ATM,' will mark a significant milestone in the banking services."

National Payments Corporation of India (NPCI)

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Sources:
• https://www.hitachi-payments.com/wp-content/uploads/2023/09/Press-Release-Hitachi-Payment-Services-Launches-First-Ever-UPI-ATM_5thSept_Final.pdf
• https://www.thehindu.com/news/national/over-50-indians-are-active-internet-users-now-base-to-reach-900-million-by-2025-report/article66809522.ece
• https://www.statista.com/topics/11320/upi-in-india/#topicOverview
• https://www.ceicdata.com/en/india/reserve-money/reserve-money-currency-in-circulation
• https://www.livemint.com/news/india/cash-remains-dominant-in-india-despite-growing-popularity-of-digital-payments-atm-replenishments-rose-10-1-to-inr1-35-crore-a-month-11684859186375.html
• https://www.statista.com/statistics/1247242/india-number-of-atm-transactions/