Global Fintech Festival: Hitachi Payment Services has created a unique ATM in collaboration with National Payments Corporation of India (NPCI). This is the country’s first ATM running on Android operating system. It is not just an ATM but is capable of working as a full-fledged bank branch. Till now you have been using ATM only for withdrawing and depositing cash. But, this new ATM will be useful for opening a bank account as well as applying for a credit card and taking a loan. Let us understand how this Android based ATM is going to change your banking experience.
Launched at Global Fintech Festival
Hitachi Payment Services has launched this ATM during the Global Fintech Festival 2024. For this, the company has partnered with NPCI. It will be able to work as a digital banking unit. According to the Reserve Bank of India (RBI), this machine will be able to easily deliver financial products and services to the people. People will not have to visit the bank branch.
Banks can provide these services without opening a branch
Through this ATM, you will be able to avail banking and non-banking services. Hitachi Payment Services said that you will be able to deposit and withdraw cash through QR based UPI. With its help, an account can also be opened. Along with this, credit card, personal loan, insurance, MSME loan, locker application, fastag recharge and many other facilities can be made available. Since it works on the Android platform, changes can be made in its hardware and software easily to start a new service.
What benefits will the common man get
This ATM will make your life easier. If it is installed in rural areas, you will not have to visit the bank branch. With its help, the hassle of keeping the card will also end. It will be able to serve you like a bank branch 24 hours a day. With this, you can finish your work during the day and avail banking services in the evening. RBI Deputy Governor T. Rabi Sankar said that this machine will also make the work of banks easier. People can be benefited by installing this machine at places where there are no branches at present.
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