DBT Bureau
Pune, 25 April
Hitachi Payment Services has announced the launch of the country’s first Upgradable ATM. The Upgradable ATM can be transformed into a high-performance Cash Recycling Machine (CRM) at any point of time. It is manufactured under the Make in India initiative and these new Upgradable ATMs provide more flexibility and efficiency to banks.
As per company these Upgradable ATM, will allow banks to safeguard their investment and expand their services to include cash deposit facility at offsite locations.
During the lunch, Sumil Vikamsey, Managing Director & CEO – Cash Business, Hitachi Payment Services, said “At Hitachi Payment Services, we have always aimed to bring revolutionary banking services to the ecosystem, elevating the banking experience for customers and streamlining operations for banks. The Upgradable ATM is a revolutionary leap forward for the Indian ATM industry, setting new standards in banking automation as it will offer an efficient upgrade path to Cash Recycling Machines while empowering banks to optimize their ATM networks.”
Providing an efficient way to upgrade ATM to CRM, the need for expensive replacements and lengthy installation processes while enabling banks to be future-ready for evolving market requirements. The company is also aligned with the recent monetary policy announcement by Reserve Bank of India to enable UPI for cash deposit facility to support UPI based cash withdrawal and cash deposit.
