Hitachi Payment Services buys Writer Corporation's Cash Management Division

By Consultants Review Team Monday, 08 January 2024

Hitachi Payment Services has announced the completion of its acquisition of Writer Corporation's Cash Management division and the introduction of its new name, Hitachi Cash Management Services, in keeping with Hitachi's one brand identity. Hitachi Cash Management Services, according to the firm, will be a completely owned subsidiary of Hitachi Payment Services.

The acquisition will boost Hitachi Payment Services' market position as a comprehensive provider of payments and commerce soluticons, enhancing its value proposition to financial institutions and merchants.

Sumil Vikamsey, managing director and chief executive officer - cash business, Hitachi Payment Services, stated of the purchase, "We are committed to providing solutions that effectively meet the diverse needs of our customers." We will be able to provide comprehensive services to financial institutions and retail merchants through Hitachi Cash Management Services, supporting our aim of becoming an end-to-end payments and commerce solutions provider."

"I am honored to lead Hitachi Cash Management Services during this exciting period of growth and innovation in the payments industry." We strive to provide best-in-class services to our customers by using a customer-focused strategy that prioritizes transparency, cost-effectiveness, and value generation. "Our offerings will enable customers to gain a competitive edge with our deep understanding of customer needs and technology-led approach," Anup Neogi, managing director and chief executive officer, Hitachi Cash Management Services, added.


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