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Hitachi and India’s Largest Gov’t-Owned Bank Partner on Major Digital Payments Platform

Published 10/29/2018, 09:00 AM
Updated 10/29/2018, 09:20 AM
© Reuters.  Hitachi and India’s Largest Gov’t-Owned Bank Partner on Major Digital Payments Platform

Hitachi Payments has partnered with the State Bank of India (SBI) to establish a nationwide digital payments platform, according to a press release published by Hitachi Oct. 29.

Under the aegis of the government’s “Digital India” campaign, Hitachi will provide SBI with solutions including its Internet-of-Things (IoT) platform "Lumada," which was implemented as the base platform for a major blockchain proof-of-concept (PoC) for supply chain management undertaken with Japan’s Mizuho Financial Group last year.

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