Hitachi ATM Franchise Cost: How to Start, Profit Margin

Are you planning to open your ATM Business but don’t know where and how to start? This article Hitachi ATM Franchise cost can surprise you. But before going forward, Let’s try to understand

What is the Hitachi ATM franchise Business model?

Opening a Hitachi ATM franchise is surely not a bad idea even if you are looking for it as a side income. One can definitely earn a good sum of money by opening a Hitachi ATM franchise. Hitachi Payment Services Private Limited has become one of the leading providers of ATM Franchise Services in India. The company has 6000 white label ATMs and the company manages more than 1.45 million POS devices in India. 

How does Hitachi ATM Work?

Now, here is how a Hitachi ATM franchise works or any other ATM franchise in India:-

• Location review – Opening an ATM highly relies on the location. The parent company does a thorough site identification of the commercial area where you are willing to open an ATM. 
• Franchise contract – If you are cleared out with the location, then the parent company moves forward with your application. You will need to finalize the franchise contract. 
• Go-Live support – You will need to get go-live support such as batteries, VSAT, branding and RBI marketing. Some initial training by TCRSL is provided. 
• Manage activities – You will need to manage the daily activities. There is no need to spend hours, you can just spend one hour on the ATM activities. 
• Earn commission – After every transaction made you earn a small commission from the parent company. 

About Hitachi 

There are lots of Multinational Conglomerate companies across the world but, Hitachi is something very unique. Hitachi Limited is a Japanese multinational conglomerate corporation. The company’s headquarters are present in Chiyoda, Tokyo, Japan.

The company was founded way back in 1910 but, it made its establishment in the Japanese market ten years later on February 1, 1920. The highly diversified Japanese manufacturing corporation was founded by Odaira Namihei. 

Ever since this company was founded and established, it has always responded to the expectations of society and its customers through cutting-edge technology and innovation. The company’s mission is to contribute to society through the development of superior, original technology, and products.

Hitachi ATM Franchise

Hitachi first launched its series of air conditioners in India in 1999. One year later in 2001, Hitachi conducted the first-ever mass marketing of air conditioners with remote microprocessors. It was since Hitachi was making its presence in India quite strong. Now, the white label ATM service provider Hitachi Payment Services Private Limited was founded back in 2005.

Read More: How to get SBI ATM Franchise?

It was launched by none other than its parent company, Hitachi Limited. The company has set up its headquarters in Mumbai, India. Further, in this article, we will talk about the Hitachi ATM franchise, how it works, the requirements, the documents required, the application process, and many more. 

Requirements for Hitachi ATM Franchise 

Fulfilling the basic requirements for a business is very important. Now, when you are willing to open an ATM franchise business, you are not only becoming a part of the respective parent company but, you are becoming a part of RBI as well. We would highly recommend all the people looking to get a Hitachi ATM franchise go through all the requirements and follow them strictly.

Documents required for Hitachi ATM Franchise

To start any business you need proper and up-to-date documents. Now, here are some documents that are necessary to start a Hitachi ATM franchise in India:-

1. Aadhar Card, PAN Card, Voter ID Card
2. Electricity Bill required for address proof 
3. Proper bank account details along with an updated passbook 
4. Two sets of agreements need to be ready on stamp paper of Rs 100
5. Proper contact details such as phone number, address, alternate phone number, and email address
6. A demand draft of Rs 1.3 to 5 lakhs is required to be submitted as a refundable deposit to the parent company 
7. Business proof 
8. Passport size photographs 
9. Canceled cheque 

Investment Required For Hitachi Franchise

A proper investment is required before you start any business in your area or any other location. The total investment required to open a Hitachi ATM franchise is Rs 2 lakhs to Rs 3 lakhs and not more than that. 

Profit Margin of Hitachi ATM Franchise 

The profit margin of every ATM business franchise is directly linked to the number of transactions made. If there is less number of transactions made then it won’t be profitable for both the company and the franchise owner.

If you are planning to open a Hitachi ATM franchise make sure you have proper locations such as in markets, malls, near schools, and in any busy area. If you open your business franchise in such locations then you can rest assured that there will be lots of transactions made per day. 

Now, according to the company, if your ATM makes 2600 transactions and below then you get Rs 6 for every transaction made. If the transaction crosses 2600 then you are paid Rs 8 for every transaction starting from 0. Other than that, you also earn Rs 2 for every non-cash transaction from the company. For example, looking for a mini statement and balance enquiry is a non-cash transaction. 

How to apply for a Hitachi ATM franchise? 

Opting for an ATM business franchise is not very simple as it looks. There are various types of ATM machines along with features offered by banking and non-banking companies. Similarly, if you are willing to open a Hitachi ATM franchise you must know what type of ATM franchise you are willing to open. After you have done your research, it will be easier for you to process further all applications and set up the process. 

Now, here is how one can apply for a Hitachi ATM franchise in India:-

• You will need to visit the official website of the company which is hitachimoneyspotatm.com or simply click on this link  https://www.hitachimoneyspotatm.com/Become-A-Franchisee 
• After that you will need to fill out the application form very carefully
• Along with the application form you will also need to send a short video of your area so that the company gets some idea of it 
• If all the requirements fit as per the terms and conditions of the company then the officials will visit your area and will take more details. They will take photographs of your location from 10-12 different angles along with proper documents 
• These documents and proofs are further submitted to the official portal of Hitachi and then a Hitachi representative will visit your site for physical verification 
• When the representative of Hitachi visits your location for verification you can ask whatever doubts you have to him
• If everything goes right then the representative will take the whole process further to the management team and then you can open your ATM franchise. 

Is the Hitachi ATM franchise worth it?

Hitachi is one of the best multinational conglomerate companies in India. The company has developed a huge reputation not only in India and Japan but, all across the world. If the ATM is opened in the best location then with no doubt we can say opening a Hitachi ATM franchise is worth it. 

How much does Hitachi ATM Franchise Cost? 

The ATM franchise cost will highly depend on the business model and type of ATM you are choosing. Now, the basic Hitachi ATM franchise cost is Rs 2 lakhs to Rs 5 lakhs. With this investment, you can get a Hitachi ATM franchise in your location. Most of the other costs are done by Hitachi so you do not require any extra costs for your ATM.