Hitachi Payment Services has launched the first white-label UPI ATM with the National Payments Corporation of India. You will get the facility to withdraw cash from this ATM without a card. The second special thing is that fraudsters will not be able to ‘skimme’ cards on this only UPI-white label ATM, eliminating the tension of fraud.
Cash Deposit Facility Also
Hitachi said in a statement that its Money Spot UPI ATM will make it easier to use banking services in places with limited traditional banking infrastructure and card access. Hitachi Payment Services is a white-label ATM operator offering cash deposits. This service can be used at more than 3,000 ATM locations.
UPI’s Share In Digital Transactions
According to Hitachi, UPI has been the fastest-growing payment solution in the country, and its share in digital transactions is more than 50%. According to Sumil Vikamsey, MD & CEO of Cash Business, Hitachi Payment Services, UPI ATM is a testament to our technological capabilities and commitment to making innovative banking services easily accessible to citizens nationwide.
This new offering allows any bank customer to experience the convenience of QR-based UPI cash withdrawal.
New Option Of Safe Banking
NPCI has said in a statement that the launch of UPI ATM will be an essential step in banking services by combining the convenience and security of UPI compared to traditional ATMs. The new system is designed for instant access to cash, even in remote areas of India, without needing a physical card.
