ATMs (Automatic Teller Machines) withdraw cash or money from your bank account. Different banks provide their ATM services by installing cash machines in different parts of the country. But now, Hitachi Payment Services, a company from Japan has launched India’s first-ever UPI-ATM. They have collaborated with the National Payment Corporation of India (NPCI). The Hitachi ATM named “Hitachi Money Spot UPI ATM” is a White Label ATM (WLA). Now, people can withdraw cash from this ATM without any ATM card or PIN. You need a smartphone in which the UPI app is installed and it should be linked with your bank account.
So, it is a very innovative idea that will change the bank ecosystem. Also, it will ease people to take out cash at any time without carrying their ATM cards. Therefore, Hitachi Money Spot ATM Company is offering its franchise to an individual or business entity. If you have space for rent in a location preferred by Hitachi ATM Company then, you may apply for their franchise. Let us tell you more about the Hitachi Money Spot ATM Franchise, Rent for Space Application Form, Contact Number, etc.
Hitachi Money Spot ATM Franchise
Recently, Hitachi Money Spot ATM has started providing its ATM franchise to people who have a space for rent. They have launched a new Cardless ATM that will allow people to withdraw cash with their UPI. In India, people are shifting to a digital way of living so this will be a major step toward making it possible. In the future, it will have a lot of need in the market and it will be beneficial from the business perspective. So, investing in Hitachi Money Spot ATM Franchise will boost your income and you will be able to earn a quite good profit in the long run.
Also, renting your space for the ATM installation will benefit both (you and the bank) as you can earn a fixed income and banks can provide services to the people in your location. If you are interested in renting your space for the ATM installation then you may apply online on the official website. However, before starting make sure that your space meets the ATM requirements such as accessibility, security, and visibility. Moreover, you must consider any legal or regulatory aspects that may apply to your location. All these things are very important for banks or ATMs to consider.
Hitachi ATM Franchise Rent for Space – Overview
| Article Topic |
|
| Company Name | Hitachi |
| Business Type | Providing ATM Services |
| Headquarters | Mumbai |
| Franchise Available | All Over India |
| Franchise Started on | 2017 |
| White Label ATMs | 9700+ |
| Space Required | 50 – 120 Sq.ft |
| Investment | INR 2 Lakhs to INR 5 Lakhs |
| Rent for Space Application Form | Apply Online |
| Official Website | Click here |
| Category | ATM Franchise Inquiry |
Hitachi ATM Franchise Cost & Profit Margin
The total Hitachi ATM Franchise cost will be between Rs 2 lakh to 5 Lakhs. You will receive Rs. 8 for every cash transaction after the ATM is installed and users begin using it. And Rs. 2 for non-cash transactions like balance checks and fund transfers so your profit can vary between 33% to 50%. Below, we have mentioned the different models provided by the Hitachi ATM.
1. Basic Model:
| Years of agreement | 9 Years |
| Security deposit | ₹50,000 |
| Refundable amount | ₹26,400 |
| Fixed fee per month | ₹12,500 |
| Earnings – For the first 1080 transactions | ₹14 (Cash transactions) and ₹4 (Non-cash Transactions) |
| From 1081 transactions | ₹11 (Cash transactions) and ₹2 (Non-cash Transactions) |
2. Emerald Model:
| Years of agreement | 9 Years |
| Security deposit | ₹2.6 lakhs GST |
| Refundable amount | ₹1 lakh |
| Fixed fee per month | Lifetime zero fixed fee |
| Earnings – On Withdrawals | ₹8.50 (Cash transactions) and ₹2 (Non-cash Transactions) |
| On Deposits | ₹8 (cash deposit) |
3. Topaz Model:
| Years of agreement | 9 Years |
| Security deposit | ₹2.1 lakhs GST |
| Refundable amount | ₹1 lakh |
| Fixed fee per month | Lifetime zero fixed fee |
| Earnings | ₹8.50 (Cash Transactions) and ₹2 (Non-cash Transactions) |
Hitachi ATM Machine Price
The Hitachi ATM Machine price will depend on whether you buy a used or new machine. Although it’s cheaper to buy a used machine, they are usually slower and look older, so people may be less likely to use them. Therefore, it is better to set up a new machine if you are starting a Hitachi ATM Franchise. But if you have less money to invest then you may buy a used machine which may cost you around INR 50,000 to 75,000. However, the new Hitachi ATM Machine Price will be around INR 1,50,000 to 4,00,000.
Documents Required for Hitachi ATM Franchise
- ID Proof – Aadhaar Card, PAN card, Voter Card
- Address Proof – Ration Card, Electricity Bill
- Bank Account and Passbook
- Photograph, E-mail ID, Phone No.
- Other Documents/Forms as required by the company
- Financial Documents required by the company
- GST Number
How to Apply for Hitachi ATM Rent for Space Application Form?
- Visit the official website of Hitachi Money Spot ATM https://www.hitachimoneyspotatm.com/.
- Now, the homepage will appear on your screen.
- Here, you need to click on the option “Become a Franchise”.
- After clicking on it the next page will open.
- Under this, an application form will appear.
- Here, you will be asked to fill in the complete details about your personal information, and your property info. such as area, locality, and nearby landmarks, etc.
- After applying the bank will contact you and then you need to cooperate with them to commence this process ahead.
- Later when the banks are satisfied with your location and other required details, they will give you the approval for the franchise and rent your space for the installation of their ATM.
Hitachi ATM Customer Care Number
| Customer Care Number | +91 22 3954 1800 |
| Address | 4th floor, Silver Metropolis, Jai Coach Compound, off Western Express Highway, Goregaon (E), Mumbai – 400063 |
| Email ID | [email protected] |
| Franchise Inquiry Email ID | [email protected] |
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