CURRENT AFFAIRS

Detailed explanation-1: -His role, as MD, is in addition to his responsibilities as the chief executive officer (CEO) of cash business, Hitachi Payments said in a statement. Irani will also be inducted into the company’s board, effective April 1. Earlier to this, Loney Antony led Hitachi Payments as the MD from its inception.

Detailed explanation-2: -Managing Director. Rustom Irani (Rustom) is the Managing Director of Hitachi Payment Services. Under his leadership, the company has further strengthened its position in both Cash and Digital payment segments.

Detailed explanation-3: -Average annual salary in Hitachi Payment Services is INR 5.1 lakhs .

Detailed explanation-4: -Hitachi Payment Services is a 100% owned subsidiary of Hitachi, Ltd. As a leading payment solutions provider for cash and digital payments, Hitachi Payment Services has over 65,000 ATMs (including 27,500 CRMs), 8000 White Label ATMs and 1.90 Mn* POS devices (including mobile POS & QR) under management.

Detailed explanation-5: -Hitachi Payment Services is one of the select non-bank entities in India to have been licensed by the Reserve Bank of India to deploy and operate white label ATMs (WLA) across the length and breadth of the country.