Tag: NPCI

Last week, Hitachi Payment Services launched the country’s first UPI-based ATM at the Global Fintech Fest in Mumbai. These white-label UPI-ATMs, launched in partnership with the National Payments Corporation of India, allow customers to withdraw cash without a debit or credit card. Sharing a viral video on the functioning of the new UPI-ATM machine on X (formerly Twitter), industrialist Anand Mahindra wrote, the speed at which India is digitising financial services is simply dazzling, adding “Alarm bell for credit card companies?” While the credit card industry may not have to...