Hitachi Payment Services surrenders RBI payment aggregator licence

Hitachi Payment Services has surrendered its RBI online payment aggregator authorisation, which was cancelled on August 31. The move removes a PA licence obtained in June 2024 by a payments provider operating 60,000+ ATMs and 35 lakh PoS devices in India.

— Source publishedWed, 2 Sept, 2026, 12:28 IST·First seen Wed, 2 Sept, 2026, 14:07 IST·Source Medianama

What happened

Hitachi Payment Services surrendered its RBI online payment aggregator authorisation, ending a licence obtained in June 2024. The move affects an India payments

Key facts

  • August 31
  • June 2024
  • 100% subsidiary
  • 60,000+ ATMs
  • 35 lakh PoS devices
  • 10 million+ digital transactions daily
  • third company to return PA licence this year
  • July
  • January
  • 2024

Why this matters

Potential partners and acquirers should reassess Hitachi’s online payments ambitions, regulatory posture, and whether its large ATM and PoS footprint remains the core strategic asset.

What to watch

  • Hitachi announcement on merchant migration, settlement continuity or a replacement payment-aggregation partnership.
  • RBI updates showing further PA licence cancellations, surrenders, renewals or applications returned.
  • Changes in Hitachi's merchant-acquiring, PoS, ATM or digital-payment product strategy.
  • Aggressive merchant onboarding campaigns by authorised gateways, banks or major fintech acquirers.
  • Retailer reports of changed MDR, settlement cycles, reconciliation processes or checkout-routing options.
  • Hitachi is likely to clarify whether existing online-payment merchant relationships will migrate to a partner, be discontinued, or remain supported through another regulated entity.
  • The company may expand offline merchant payments, ATM outsourcing, cash recycling and PoS managed-services contracts, where its installed base provides stronger advantages.
  • Large authorised payment aggregators may target Hitachi-linked merchants with migration offers and integrated online-offline acceptance packages.
  • Retailers may review payment-provider contingency plans, settlement arrangements and contractual ownership of customer payment data.