Hitachi Moves into Cash Services

Hitachi Payment Services, India’s leading integrated payment solutions provider and a subsidiary of the Japanese multinational technology conglomeration Hitachi, has entered into an agreement to acquire the cash management business of Writer Safeguard from its parent, the Writer Corporation.

Writer Safeguard has been providing comprehensive cash services, including ATM cash replenishment and retail cash pick-up services, to corporate clients in India since 2001. It has a network of nearly 40,000 touchpoints including ATMs and retail spanning 25 states across 1,500 locations serviced by a workforce of over 10,000 people.

Hitachi Payment Services, formerly known as Prizm Payments, was acquired by Hitachi in 2013. It manages a network of over 66,000 ATMs (including 27,500 cash recycling machines) and 9,300 white label ATMs. It also offers POS solutions, toll and transit solutions, payment gateway solutions, and a next-gen mobile-based merchant platform. It caters to over 3 million merchant touchpoints and processes more than 7 million digital transactions daily.