JAPAN’S HITACHI -Omron Terminal Solutions Corp., HOTS, has tied up with two of India’s leading banks, State Bank of India and Axis Bank, to install the next generation of automated teller machines, ATM’s, across the country.

Hitachi plans to tie up with eight more banks by the end of the next financial year with total revenues of 1 billion yen from the new HOTS ATM’s.
 
The two-in-one ATM’s are revolutionary in nature as it eliminates the need to visit bank branches for simple tasks like making cash deposits, which get directly credited to your account, printing your passbook and numerous other banking services without compromising on time.

 
Speaking on the occasion of the tie-up, Yasuo Sasabe, General Manager, ITC Solutions Business, Hitachi India Pvt. Ltd. said the company’s leadership position in China and Japan in the cash deposit/recycle ATM market gives Hitachi the confidence to also develop the 2 in 1 ATM for Indian banks.
 
Yasuo Sasabe said, “These simple self-service functions will help increase branch efficiency tremendously as it frees the branch officials to attend to other works while at the same time it eliminates the need for customers to wait in long queues at their bank branches.”

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