Updated: March 10, 2021 1:32:50 pm
• Hitachi with its impeccable technology has been revolutionising the payments landscape in India thus enabling greater financial inclusivity
• Hitachi with its innovative solutions is allowing India to move one step further towards ‘Digital India’ vision
This is the 21st Century and everything is changing rapidly – from lifestyles to advancements in technology to ways in which people are connecting with each other. But, what’s truly experienced a significant change with the coming of technology is money and payments. People not only in India but around the globe are all for the latest technology in transactions and money matters and what’s important in today’s age is to manage money through the right means!
If you’re planning on getting a business started and that too in a big way… here are some essentials that you cannot forget.
Let’s get started!
GET YOUR POS SERVICES IN PLACE
If you’re very close to your dream of getting your business all lubricated and ready to roll then you need a couple of things to let the world know you exist and function properly. Because, gaining the trust of the consumer should be your utmost priority. POS Services also known as Point of Sales Services are must to kick start any business. POS systems are used primarily to process card payments or a virtual sales point such as a computer or mobile electronic device. Shops, boutiques and retail outlets all need to possess POS Services. Electronic POS software systems streamline retail operations by automating the transaction process and tracking important sales data which is essential for a business. Hitachi Payment Services is known to be an impeccable POS provider with the best-in-class technology for the smooth running of businesses.
DON’T STAY BEHIND ON THE DIGITAL FRONT – GET YOUR ONLINE PAYMENT GATEWAY INTACT
The whole world is on the internet and if your business isn’t, then that’s a shame! Having a website where users can surf through and purchase your goods & services is crucial. For this, a safe and secure payment gateway is the need of the hour. What’s a must have are e-commerce services that include Internet Payment Gateway (IPG), Merchant Plug-in (MPI), Gateway and Authorisation Services and Back Office Services for aggregators. These services are not only for business owners but also offered to e-commerce aggregators offering services to merchants for higher success rates. You will now ask… whom to get in touch for such vast services? We say, none but the best – Hitachi Payment Services. They have full-proof services ranging from Gateways to Card Schemes like Visa, MasterCard etc. to merchant management systems. Nowadays, the dominant theme of financial technology is the booming digital payments space, which is set to grow to $1 trillion by 2023 according to Niti Aayog, the government’s think-tank (https://pib.gov.in/Pressreleaseshare.aspx?PRID=1540879).
MAKE SURE THERE IS AN ATM CLOSEST TO YOUR BUSINESS HUB
As we are living in a digital age, having those notes in your pocket is important, too. What if the Wi-Fi goes off and there is no connectivity to complete the transaction on the card machine? How will a customer then purchase from your store? Only cash will come to your rescue and for that, it’s important to have ATM machines next to you! Hitachi Payment Services are always ready to get ATM systems deployed but only with the go ahead from the bank. National deployer of ATM systems are very hard to get and that’s what’s special about Hitachi Payment Services – they go all out to provide us with the supreme!
Moving along with emerging technologies in the digital space the government too has made some big strides with opening 373.3 million Jan Dhan bank accounts (https://pmjdy.gov.in), while 1.2 billion citizens have been issued Aadhar cards by the Unique Identification Authority of India. All these accomplishments by public and private sector entities is leading the country towards bigger and better things…
ALWAYS HAVE SOMEONE TO DO YOUR BACK-END WORK WHEN IT COMES TO PAYMENTS
When investing in a business, one has to put their heart, soul and mind to it – making sure everything is done in the right way, especially when its about handling the finances. Having someone who can tackle tough situations is the best and is an assurance for a flourishing business model. An aggregator like Hitachi Payment Services looks after payments and settlements, merchant reconciliation and dispute management and something everyone dreads – Fraud and Risk Management! And trust us, this is just the beginning of the list. How great would it be to have everything done by the experts…
It’s always better to stay ahead and think of the future when it comes to money and money invested in a business. Specialised service providers like Hitachi Payment Services don’t leave any stone unturned when it comes to providing everything that can make life easier.
Hitachi Payments Services (HPY), a leading player in the payments space, has been revolutionising the cash and digital payment channels in the country with over 41,000 ATMs (including White Label ATMs),16,000 cash recycling machines (CRMs) and 1.1 Million POS devices (includes mobile POS & QR) besides Toll & Transit Solutions across the country under management, thus contributing to the development of payment infrastructure in the country.
White label ATMs operating largely in remote geographies, serve as a banking touch point and have contributed to greater financial inclusion. Under the brand “Hitachi Money Spot ATM” Hitachi Payment Services, has been licensed by the Reserve Bank of India to deploy and operate White Label ATMs across the country with a strong focus in Tier 3 to Tier 6 towns. This has resulted in increased number of ATM’s across all population centres in India offering wide variety of banking services to customers, thereby expanding the scope to anytime, anywhere banking through interoperable platforms… At present, it has deployed over 2800 White Label ATMs in the country.
Therefore, in today’s world, it’s imperative for Businesses, Banks and other Financial Institutions to believe and invest in those who help to empower them to truly grow!
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