With the recent approval from the Reserve Bank of India (RBI) to
operate as an Online Payment Aggregator, Hitachi Payment Services is set to
begin a new chapter in India’s financial technology narrative, one that
promises to enhance the versatility and reach of digital payments across the
nation.
Hitachi Payment Services has long been a cornerstone in India’s digital payment
infrastructure, processing over 2.5 billion digital transactions annually for
leading banks and fintech firms.
This new authorization allows the company to
offer an expanded suite of payment options, including UPI, Netbanking, Cards,
and Wallets, alongside innovative services such as EMI, Paylater, BNPL, and
link-based payments. These advancements are set to provide merchants with a
comprehensive and adaptable payment platform, empowering businesses of all
sizes to seamlessly integrate digital transactions into their operations.
Anuj Khosla, Chief Executive Officer of the Digital
Business at Hitachi Payment Services, aptly described this milestone as a
catalyst for innovation and growth:
