UPI-ATMs: Is it the beginning of the end for debit cards?

UPI-ATMs: Is it the beginning of the end for debit cards?

Good morning!

Because it’s almost weekend I’ll keep it short 😉

I found this interesting video:

Last week, Hitachi Payment Services launched India’s first UPI-based ATM at the Global Fintech Fest in Mumbai.

These white-label UPI-ATMs, launched in partnership with the National Payments Corporation of India, allow customers to withdraw cash without a debit or credit card.

What do you think? Is this the beginning of the end for debit cards?


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📊Real-time payments are the backbone of modern economies. This report underscores the central role of real-time payments in the thriving FinTech ecosystem. I highly recommend diving into my blog post for a comprehensive look at the full story.

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