Propelling the payments revolution

Propelling the payments
revolution

Empowering banks, fintechs and aggregators since 2008.

Empowering banks, fintechs and aggregators since 2008.

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Founded by industry veterans

Hitachi Payment Services was founded in the year 2008 as Prizm Payment Services by industry veterans. Starting during the recession and working in a highly regulated environment, the founders overcame challenges and capitalized on opportunities.

Acquisition by Hitachi

Hitachi acquired Prizm Payment Services in 2014 with the aim of accelerating the global development of its IT services businesses targeting financial institutions, particularly in the fast growing Asian region.

Driving Social Innovation

Disruptive ideas and innovative technology continue to power us forward in both cash and digital segments while strengthening payments infrastructure and accelerating social change.
Founded by industry veterans

Hitachi Payment Services was founded in the year 2008 as Prizm Payment Services by industry veterans. Starting during the recession and working in a highly regulated environment, the founders overcame challenges and capitalized on opportunities.

8071_8065_History_SliderBelowBanner_FoundedByIndustry..
Acquisition by Hitachi

Hitachi acquired Prizm Payment Services in 2014 with the aim of accelerating the global development of its IT services businesses targeting financial institutions, particularly in the fast growing Asian region.

8065_History_SliderBelowBanner_HitachiAcquisition
Driving Social Innovation

Disruptive ideas and innovative technology continue to power us forward in both cash and digital segments while strengthening payments infrastructure and accelerating social change.

8124_AboutUS_Sliderbelowbanner_ValueAddingInSOcial

Some industry-firsts to our credit

e-Rupi

e-Rupi

UPI ATM

UPI ATM

Upgradable ATM

Upgradable ATM

CRM on Android Platform

CRM on Android Platform

Independent ATM deployment model

Independent ATM deployment model

Launch of mobile POS services

Launch of mobile POS services

In principle license for WLA deployment

In principle license for WLA deployment

ICD 2.5 standards for e-toll

ICD 2.5 standards for e-toll

Crossing 25,000 CRMs under management

Crossing 25,000 CRMs under management

Open loop card based ticketing service on qSPARC 2.0 (NCMC) standards

Open loop card based ticketing service on qSPARC 2.0 (NCMC) standards

Milestones

2008
  • Hitachi Payment Services founded (as Prizm Payment Services).
2010
  • Wins first IAD deployment contract with Axis Bank.
  • Launches POS operations.
2011
  • Wins POS processing contract with SBI.
2012
  • Launches first mobile POS service-partnering with Axis Bank & Mswipe.
2014
  • Receives approval for rollout of White Label ATM from RBI.
  • Hitachi acquires Prizm Payment Services.
2015
  • Changes name to Hitachi Payment Services.
2017
  • First to deploy 10,000 CRMs in India.
  • Becomes the largest ATM Managed Services provider in India.
2018
  • Forms JV with SBI for merchant acquiring business.
2019
  • Crosses 15,000 CRM deployments.
  • Hits highest digital transactions volume in a day of 3.47 Mn.
2020
  • SBI (Total Outsourcing Model) 5,000 ATMs and SBI (Managed Service) 18,000 ATMs win.
  • Crosses 4,500 WLA deployments.
2021
  • e-RUPI & SoftPOS solutions launched
  • Dutch Bangla Bank CRM deal opens up Bangladesh market
2022
  • In-principle approval for payment aggregator license from RBI
  • Cash management services started with first Cash Vault in Noida
  • WLA deployment crosses 8,000 ATMs milestone

2008

Hitachi Payment Services founded (as Prizm Payment Services). 

2010

  • Wins first IAD deployment contract with Axis Bank.
  • Launches POS operations.

2011

Wins POS processing contract with SBI.

2012

Launches first mobile POS service-partnering with Axis Bank & Mswipe.

2014

  • Receives approval for rollout of White Label ATM from RBI.
  • Hitachi acquires Prizm Payment Services.

2015

Changes name to Hitachi Payment Services.

2017

  • First to deploy 10,000 CRMs in India.
  • Becomes the largest ATM Managed Services provider in India.

2018

Forms JV with SBI for merchant acquiring business.

2019

  • Crosses 15,000 CRM deployments.
  • Hits highest digital transactions volume in a day of 3.47 Mn.

2020

  • SBI (Total Outsourcing Model) 5,000 ATMs and SBI (Managed Services) 18,000 ATMs win.
  • Crosses 4,500 WLA deployments.

2021

  • e-RUPI & SoftPOS solutions launched
  • Dutch Bangla Bank CRM deal opens up Bangladesh market

2022

  • Cash management services started with first Cash Vault in Noida

2023

  • Unveils India’s first UPI ATM on android platform
  • Launches innovation program HPX for fintech start-ups
  • Launches financial inclusion initiative Hitachi Money Spot Plus

2024

  • Acquires Writer Corporation’s Cash Management Business. Unveils new identity
  • Launches India’s first Upgradable ATM
  • Crosses 10,000 WLA deployments
  • Receives online payment aggregator licence from RBI
  • Unveils India’s first Android-based Cash Recycling Machine

2005

  • Incorporation of Integrated Maintenance and Services (IMAS)

2008

  • Prizm Payment Services founded & IMAS business integrated into Prizm Payment Services
  • Establishes office in Mumbai

2010

  • Wins first IAD deployment contract with Axis Bank.
  • Launches POS operations.

2012

  • Launches first mobile POS service-partnering with Axis Bank & Mswipe.
  • Wins Deloitte Tech Fast 50 award

2013

  • RBI awards White Label ATM license

2014

  • Hitachi acquires Prizm Payment Services
  • Ventures into product sales with Cash Recycling Machines (CRMs)

2015

  • Changes name to Hitachi Payment Services.

2017

  • First to deploy 10,000 CRMs in India.
  • Enters Sri Lanka market for CRM deployment

2018

  • Forms JV with SBI for merchant acquiring business.

2021

  • Forays into Bangladesh market for CRM deployment
  • e-RUPI & SoftPOS solutions launched
  • Crosses 5000 WLA deployments

2022

  • Cash management services started with first Cash Vault in Noida

2023

  • Unveils India’s first UPI ATM on android platform
  • Launches innovation program HPX for fintech start-ups
  • Launches financial inclusion initiative Hitachi Money Spot Plus

2024

  • Acquires Writer Corporation’s Cash Management Business. Unveils new identity
  • Launches India’s first Upgradable ATM
  • Crosses 10,000 WLA deployments
  • Receives online payment aggregator licence from RBI
  • Unveils India’s first Android-based Cash Recycling Machine

Awards

Best Transit Payment System of the year – 4th Payments and Cards Awards, 2019

Hitachi Payments’ Transit Payment Solution won the best transit payment system of the year award at the 4th Payment and Cards Awards in Mumbai. With its cashless transit payment solution, customers can conveniently make payments for both metro tickets as well as retail purchases. An open-loop card based ticketing service on qSPARC 2.0 (NCMC) standards, the payment solution is pioneering the transition from conventional closed-loop to an open-loop system in public transport.

Conferred Skoch Order-of-Merit, 2016 at the 46th Skoch Summit in New Delhi

Hitachi Payments’ Pungrain project was conferred the Skoch Order-of-Merit at the 46th Skoch Summit in New Delhi. Hitachi Payments’ solution enables banks that have tied up with Pungrain (Punjab Grains Procurement Corporation Ltd), to facilitate faster payments to Pungrain’s commission agents (Arthiyas), which in turn benefits farmers.

Ranked 35th on Deloitte Technology Fast 500 Asia Pacific 2012

Hitachi Payments ranked 35th  on the Deloitte Technology Fast 500 Asia Pacific 2012, a ranking of the 500 fastest growing technology companies in Asia Pacific.

Ranked 3rd on Deloitte Technology Fast 50 India 2012

For the second time in a row Hitachi Payments ranked 3rd at the Deloitte Technology Fast 50 India 2012, a ranking of the 50 fastest growing technology companies in India. Rankings are based on percentage revenue growth over three years.

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