The changing business milieu and growing awareness on ESG (Environmental, Social and Governance) as a business imperative have put sustainability at the core of all business activities. The payments industry is actively supporting the Government of India in achieving inclusive growth and sustainable development by bringing the unbanked into the formal banking channels. One of the leaders in innovative cash and digital payment solutions, Hitachi Payment Services Pvt. Ltd. is driving financial inclusion by building a robust payments infrastructure and accelerating the evolution of a less-cash economy.
Backed by a superior technological framework, Hitachi Payments’ end-to-end digital payment solutions are transforming the payments landscape in India and significantly contributing towards the Digital India vision. Its offerings include
Through its pioneering Digital India initiative, the Government of India seeks to build a digitally empowered society and a knowledge based economy. Further, the Government seeks to strengthen digital payments infrastructure and provide digital payments facilities to all citizens in a convenient, easy, affordable, quick, and secured manner so that everybody is an integral part of India’s growth story.
By driving digital payments penetration across rural and urban areas and merchant acceptance of digital payments, Hitachi Payments is catalyzing the paradigm shift from a cash economy to a less-cash economy, helping save the huge cost of paper and printing of currency and in building an inclusive economy.
Financial inclusion is defined as “a state in which all working age adults have effective access to credit, savings, payments and insurance from formal service providers.” Achieving financial inclusion is paramount for ensuring sustainable development and societal equity. To propel inclusive growth with payment systems that are accessible and affordable, Hitachi Payments is extending a range of cash-based solutions including
With over 75% of its White Label ATMs - Hitachi Money Spot ATMs in semi-urban and rural locations, Hitachi Payments is empowering citizens, especially those at the bottom of the socio-economic pyramid, through improved payment infrastructure and extending anytime, anywhere banking facility to a wider segment of population.
Managing Director, Hitachi Payment Services Pvt. Ltd.
The role of the banking and payment systems in building sustainable, inclusive economies cannot be emphasized as they are powerful tools to financially empower the masses. Hitachi Payments is making an indelible mark with its innovative solutions and driving inclusive growth through its comprehensive suite of cash and digital payment solutions, state-of-the-art technology platform, end-to-end services and nationwide network. By bridging the social divide, we are committed towards improving people’s quality of life and contributing to the achievement of sustainable economic growth.