Hitachi: Deploys 10,000 Cash Recycling ATM Machines in India
It utilizes 10,000 cash recycling ATM Machines in India which will help in reducing cash in circulation (Hitachi: Deploys 10,000 Cash Recycling ATM Machines in India).
Hitachi Payment Services Pvt.Ltd is a provider of cash and non-cash payment solutions and services.
The leading vendor of CRM’S (Cash Recycling Machines) in the world, announced today that they have achieved the feat of utilizing more than 10,000 CRM’s in India.
None of the company took the initiative to deploy the cash recycling Atm’s in India. Hitachi is the first ever company to take this forward.
Hitachi is the first ever company to utilize this number of CRM’S in India.
The company has installed these CRMs for more than 40 banks which includes public, private, co-operative and small finance banks.
“Recycling ATMs is the next stage of evolution for ATMs in India given that 25 percent of ATMs in the country are more than eight years old and may come up for replacement,”
said Loney Antony, managing director of Hitachi Payment Services Pvt. Ltd.
On the event of reaching the 10,000 milestones, Hitachi Payment Services’ Managing Director Loney Antony said,
“We are happy to have achieved this milestone by partnering various banks across the country. We HAVE the pioneers in this technology and have helped banks deploy the machines in branches, offsites as well as their customer locations solving complex cash and business problems.”
Hitachi-Omron Terminal Solutions’ Representative Director and President Tetsuji Shimojo said,
“We are happy to have achieved this milestone in India with our partner, Hitachi Payment Services. Hitachi-Omron Terminal Solutions was the first company to enter the Indian market with CRM and has been developing CRMs adapted to the Indian environment”.
Antony further said that the cash-recycling ATMs can offer:
“multiple benefits operational and cost efficiency, 24X7 availability, better utilization of teller time, fraud note detection — to the customers.