Hitachi Payment Services, an integrated payment solutions provider in India has launched Digital Payments Innovation Hub to collaborate with fintech start-ups across India and the extended Asia Pacific region to propel digital payment innovation.

According to a company statement, the Hitachi Group has extended its association with Plug and Play in Asia Pacific with this new initiative. Plug and Play already has an existing association with Hitachi groups in Japan and the United States.

This partnership aims to bring innovative products and platforms into the Hitachi Payments ecosystem. It seeks to provide start-ups the capital, integration with the Hitachi Payments’ stack, and access to an extensive customer network and platform to launch and scale up. Additionally, it will endeavor to expand the impact of these solutions beyond India, accelerating the growth and innovation of the global fintech industry.

Hitachi Payments has been at the forefront of the digital payment revolution in India, bringing innovative solutions that have furthered merchant acceptance, as well as enabled accessibility of digital payments for the masses.

Anuj Khosla, Chief Executive Officer - Digital Business at Hitachi Payment Services, said, “Hitachi Payments is committed towards innovating and introducing new technologies to enhance the overall merchant and customer digital payments journey. The Digital Payments Innovation Hub will help in building future-ready offerings in the digital payments arena. The collaboration aims at investing in, co-creating, and deploying cutting-edge digital payment and fintech solutions that cater to the evolving needs of businesses and consumers.  It is an exciting time for the Indian fintech ecosystem, and we look forward to working closely with Plug and Play and start-ups to drive growth and innovation in the payments industry.”

Jupe Tan, Managing Partner of Plug and Play APAC, said, "We are delighted to be working with Hitachi Payments and to be able to deepen our relationship with the overall Hitachi group. Our goal is to provide Hitachi Payments with a line-of-sight into the most innovative start-ups that are shaping the financial services industry across India and the Asia Pacific.”