The HPX initiative offers benefits such as access to capital, expedited commercialisation of innovative payment solutions, invaluable access to key industry partnerships, and more
Hitachi Payment Services launched its innovation programme, HPX. Through its new launch, the company will collaborate with disruptors in the fintech and payments segment and provide superior payment experiences through innovation for businesses and consumers.
The HPX initiative offers a comprehensive range of benefits for participants, including access to capital, expedited commercialisation of innovative payment solutions, invaluable access to key industry partnerships, and the unique opportunity to extend their influence beyond India's borders.
As a part of HPX, the company will focus on key segments such as Core Banking, Banking as a Service, Embedded Finance, Web 3.0/ CBDC, Issuance, Payments Compliance, and AI/GenAI.
Anuj Khosla, chief executive officer of digital business, Hitachi Payment Services, said: “With the launch of HPX, Hitachi Payment Services strives to innovate, collaborate, and deliver superior payment experiences for merchants and customers. With the start-up community’s expertise, we will introduce cutting-edge solutions to our stakeholders. With HPX, we will unite evolving technologies, new-age entrepreneurs, and visionaries to implement innovative ideas that drive meaningful change in the payments landscape.”
Hitachi Payment Services offers a comprehensive range of payment solutions including ATM services, cash recycling machines, white label ATMs, POS solutions, toll and transit solutions, payment gateway solutions, and innovative offerings such as SoftPOS, POS Value Added Services, and next-gen mobile based merchant platform enabling end-to-end services. It recently launched the country’s first-ever UPI-ATM as a white-label ATM (WLA) in association with the National Payments Corporation of India (NPCI), offering secure cardless cash withdrawals.
Hitachi Payment Services, a wholly owned subsidiary of Hitachi Ltd., is a market-leading provider of payments and commerce solutions, supplying financial institutions, payment aggregators, and fintechs with a wide range of end-to-end solutions that are centered on security, dependability, and innovation. With over 65,500 ATMs (including 27,500 Cash Recycling Machines) and 9,600 White Label ATMs under supervision, it is a pioneer in the Indian payments industry. Additionally, it serves more than 3 million merchant touchpoints and completes more than 7 million digital transactions each day.