Hitachi Payment Services has completed the acquisition of Writer Corporation’s Cash Management Business and has adopted the new name Hitachi Cash Management Services, which is consistent with Hitachi’s unified brand identity. Hitachi Cash Management Services Pvt. Ltd. would be a completely owned subsidiary of Hitachi Payment Services Pvt. Ltd.
This acquisition would boost Hitachi Payment Services‘ market position as a comprehensive provider of payments and commerce solutions, thereby increasing its value proposition to financial institutions and merchants.
Hitachi Cash Management Services would provide ATM Cash replenishment services to financial institutions and Retail Cash Management Services (RCM) to retail outlets. Hitachi Cash Management Services’ end-to-end offerings are tailored to the needs of financial institutions and retailers, assisting them in managing their day-to-day cash requirements seamlessly and efficiently.
Sumil Vikamsey, Managing Director & Chief Executive Officer – Cash Business, Hitachi Payment Services, said, “We are committed to providing solutions that effectively meet the varied needs of our customers. Through Hitachi Cash Management Services, we will be able to deliver comprehensive services to financial institutions and retail merchants, furthering our vision of becoming an end-to-end payments and commerce solutions provider.”
“We are also happy to introduce Anup Neogi as the Managing Director and CEO of Hitachi Cash Management Services. Anup’s exceptional career trajectory and extensive experience in the Cash Management space makes him an exemplary leader, poised to steer the company towards new heights of success”, he added.
“I am delighted to lead Hitachi Cash Management Services during this dynamic phase of growth and innovation in the payments space. We aim to provide best-in-class services to our customers, through a customer-focused approach which is high on transparency, cost-effectiveness and value creation. With our deep understanding of customer needs and technology-led approach, our offerings will enable customers to gain a competitive edge”, said Anup Neogi, Managing Director & Chief Executive Officer, Hitachi Cash Management Services.