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Hitachi Group Global Network




Middle East and Africa



Hitachi Payment Services Pvt. Ltd.

2008-2009 Founded on April 7, 2008
Becomes TPP with VISA, Master Card and unveils state-of-the-art COPS center
Wins ING Vysya ATM Deployment Deal
2009-2010 Wins largest ATM Deployment contract on transaction model with Axis Bank
Wins ATM Deployment contract with IndusInd Bank
Complete Acquisation of Reliance Money POS network
Starts POS deployment with Corporation Bank
2010-2011 Wins ATM Managed Services Contract with Corporation Bank
2011-2012 Signs largest POS Deployment contract with State Bank of India
Expanded Centralised Operations Center
Partners with MSwipe and Axis Bank to launch the first mobile based payment service for Credit and Debit Cards
2012-2013 With 12,000 ATMs under management garnered 16% of the market
With 85,000+ POS under management garnered 14% of the market and 40.7% of YoY growth
2013-2014 Approval for roll out of White label ATM from RBI
Acquired by Hitachi Ltd.
First international foray into Sri Lanka and Pakistan with Mobile POS product
Developed e-Payment & e-commerce Payment Gateway for non-traditional payment channels
Opened new line of business and secured orders from 4 Co-operative Banks
2014-2015 Rolled out Bunch Note Acceptor Machines (BNA) service for Yes Bank
Signs deal with Bank of India for rolling out 2,100 ATMs
Wins ATM Managed Services deal with State Bank Of India 12,000 ATMs
Signs deal with Punjab National Bank for 4000 ATMs managed services
Ends the FY 2014-2015 with 35,000 ATMs, 1,90,000 POS and 20,000 MPOS
2015-2016 Name changed to Hitachi Payment Services
Signs deal with Punjab National Bank for Recyclers
2016-2017 Crosses 52,000 ATMs & 375,000 POS (including MPOS) under management
Wins order for 1000 Recyclers from Punjab National Bank
Wins order for Recyclers from Equitas Small Finance Bank
2017-2018 Wins order for 500 Recyclers from Bank of Baroda
Wins ATM Managed Services contract with Bank of Baroda for 3000 ATMs
Crosses 10,000 Recyclers / BNA under management
Wins order for 1000 Recyclers from Axis Bank
Signs deal with PMC bank to replace its Cash Dispensers with Recyclers. PMC Bank is the only bank that has 100% Recyclers currently
2018-2019 SBI and Hitachi group enter into Joint Venture to accelerate Digital Payments in India