Hitachi Payment Services launches HPX, an innovation program for fintech startups

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Hitachi Payment Services launches HPX, an innovation program for fintech startups
Hitachi Payment Services launches HPX, an innovation program for fintech startups

Through the HPX initiative, Hitachi Payment Services will collaborate with disruptors in the fintech and payments segments and thereby provide superior payment experiences through innovation for businesses and consumers.

Mumbai, October 13, 2023: Hitachi Payment Services, India’s leading payments and commerce solutions provider, today announced the launch of its innovation program, HPX. This initiative is a significant step in line with the company’s commitment to revolutionise the payment industry by collaborating with fintech startups for long-term investment.

Through the HPX initiative, Hitachi Payment Services will collaborate with disruptors in the fintech and payments segments and thereby provide superior payment experiences through innovation for businesses and consumers. This ambitious program will bring together a diverse range of entrepreneurs who have been working on technology-led solutions to shape the future of payments.

The HPX initiative offers a comprehensive range of benefits for participants, including access to capital, expedited commercialization 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, payment compliance, and AI/GenAI.

Anuj Khosla, Chief Executive Officer, 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 startup 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 payment landscape.”

Hitachi Payment Services, a pioneer in the payment industry in India, offers a comprehensive range of payment solutions, including ATM Services, Cash Recycling Machines, White Label ATMs, POS Solutions, Toll & Transit Solutions, Payment Gateway Solutions, and innovative offerings such as SoftPOS, POS Value Added Services, and a 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 card-less cash withdrawals. Built on Android OS, the Hitachi Money Spot UPI ATM will provide customers with a unified and secure user experience, offering them the convenience of QR-based UPI cash withdrawals while driving financial inclusion across India.

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