Hitachi Payment Services, a subsidiary of Japan-based Hitachi, has recently launched UPI-ATM as a White Label ATM (WLA) in association with National Payments Corporation of India (NPCI).
Touted as Hitachi Money Spot UPI ATM, it offers secure card-less cash withdrawals.
Hitachi Money Spot UPI ATM was unveiled at Global Fintech Fest 2023 in Mumbai on September 5 in the presence of RBI Governor Shaktikanta Das and Dilip Asbe, CEO and MD, of NPCI.
A UPI-ATM allows you to withdraw cash from your bank accounts using the UPI app. Anyone with a registered UPI app will be eligible for UPI ATM transactions.
At the Global Fintech Fest, an avid FinTech enthusiast Ravisutanjani Kumar shared a video on X (formerly Twitter) showing how to make a cash withdrawal using UPI ATM.
How to withdraw cash from UPI ATM?Here are the steps how you can withdraw money from the UPI-ATM
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Select 'UPI Cardless Cash' on the screen of the ATM
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Select the amount you want to withdraw from the ATM
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QR code for the selected amount will appear on the screen
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Scan the QR code using any UPI app on your mobile phone
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Enter your UPI PIN to authorise the transaction
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UPI app will display a confirmation message and the ATM will dispense the cash
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Collect the cash
