Hitachi Payment Services completes acquisition of Writer Corporation’s Cash Management Business.

Unveils new identity – Hitachi Cash Management Services – for the entity and
appoints industry veteran Anup Neogi as its Managing Director and CEO.

Mumbai, January 08, 2024: Hitachi Payment Services, India’s leading end-to-end payments and
commerce solutions provider, today announced that it has completed its acquisition of Writer
Corporation’s Cash Management Business and unveiled its new name – Hitachi Cash Management
Services, in line with Hitachi’s single brand identity. Hitachi Cash Management Services Pvt. Ltd.
would be a wholly owned subsidiary of Hitachi Payment Services Pvt. Ltd.
This acquisition will enhance Hitachi Payment Services’ market position as a holistic provider of
payments and commerce solutions, further strengthening its value proposition to financial
institutions and merchants.
Hitachi Cash Management Services would offer ATM Cash Replenishment services for Financial
Institutions and Retail Cash Management Services (RCM) for retail outlets. With a strong network of
close to 40,000 touchpoints including ATMs and Retail spanning 25 states across 1,500 locations,
Hitachi Cash Management Services’ end-to-end offerings are tailored to meet the needs of financial
institutions and retailers, helping them manage their day-to-day cash related requirements in a
seamless and efficient manner.
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.”
“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.
Hitachi Payment Services is a pioneer in the payment industry in India, offering a comprehensive
range of payment solutions including ATM Services, Cash Recycling Machines, White Label ATMs,
POS Solutions, Payment Gateway Solutions, Toll & Transit Solutions as well as innovative offerings
such as HPY UPI Universe, SoftPOS, Value Added Services, AI & ML based solutions, HPY Sigma –
next-gen mobile based merchant platform and HPY Neo – UPI ATM. The company is committed to
delivering exceptional customer experiences and driving financial inclusion across India.