India’s first ever UPI-ATM Flashcards
1
Q
NEWS
A
India’s first UPI-ATM was launched on 5th September 2023, by Hitachi Payment Services.
The ATM is a White Label ATM (WLA) developed in collaboration with the National Payments Corporation of India (NPCI).
The ATM was designed to enable “seamless cash withdrawals” and eliminate the need to carry physical ATM cards. It also aims to drive financial inclusion by making banking services more accessible in areas with limited traditional banking infrastructure.
2
Q
NPCI
A
Founded 2008; 15 years ago
Headquarters Mumbai, Maharashtra, India
Key people
Biswamohan Mahapatra
(Non-Exe Chairman)
Dilip Asbe
(MD & CEO)
