Hitachi Payment Services launched the UPI-ATM, in association with the National Payments Corporation of India, during the Global Fintech Fest in Mumbai. The new platform is claimed to offer secure cardless cash withdrawals. 

• Hitachi Payment Services, a subsidiary of the Japanese conglomerate, Hitachi Ltd., launched India's inaugural UPI-ATM called Hitachi Money Spot UPI ATM.
• The launch, executed in partnership with the National Payments Corporation of India (NPCI), is set to redefine the traditional ATM transaction experience for Indians.
• The state-of-the-art UPI ATM offers cardless cash withdrawals, thereby eradicating the necessity for physical cards. The device, operated on Android OS, empowers users to access funds from multiple accounts using their United Payments Interface (UPI) app.
• This feature is particularly valuable in regions with limited traditional banking infrastructure and card reach, furthering financial inclusion and easy banking access.