News

Hitachi-Omron achieves Indian market milestone

April 8, 2014

Rapid growth in India's economy and financial services sector has spurred a rising demand for deposit-enabled ATMs. Underscoring this fact, Hitachi-Omron Terminal Solutions Corp., recently announced the installation of its 1,000th cash deposit-cash recycling ATM in India.

Hitachi-Omron HT-2845-V

Hitachi-Omron entered Indian the self-service market with its HT-2845-V cash deposit-cash recycler in 2010, according to a news release. Since the first order, the company has delivered more than a thousand of the machines to both public and private sector banks, with installations nationwide.

For the Indian market, the machines have been modified and adapted to meet specific needs and requirements related to banknote condition, counterfeit threat and climate conditions, to name a few.

Kokichi Murayama, Hitachi-Omron GM of the global business group, said the company places a high importance on expansion in the Indian market.

Hitachi-Omron already claims a considerable imprint in Japan and China, with more than 100,000 auto-deposit terminals in each of those markets. Additionally, Murayama said the company holds the No. 1 position in market share in in Thailand, Indonesia, Malaysia and Taiwan with its auto-deposit technology.