 |
| Mr. Dewang Neralla - CEO, NTT DATA Payment Services India Ltd |
- Funds to spur business expansion plans
- To support foray into newer segments such as Bharat Bill Payment Operating Unit
- To explore potential Merger & Acquisition (M&A) opportunities
Dewang Neralla, Chief Executive Officer, NTT Data Payment Services India Ltd, said, “With India being one of the core markets for NTT Data, this capital infusion will further strengthen our payments’ business and is in tandem with our long-term growth strategy. As there is a huge untapped market, we will explore both organic as well as inorganic opportunities. The funds will only give us further impetus to our growth momentum. Further fund infusion will be decided based on the future opportunities.”
Shinichiro Nishikawa, Head of Global Payments & Services Division at NTT Data Corporation, said, “The capital infusion reinforces our firm’s commitment to the growth of digital payments in India. The conducive environment in the Indian market and seeing the quick adoption of digital payments channels, our confidence has grown manifold and gives us a fresh impetus for further investment as the need arises. Our vision for NTT DATA Payment Services India is to emerge as one of the top three Payment Service Providers in the country in the times to come through better services and superior products.”
NTT DATA Payment Services India is part of NTT DATA Corporation, one of the globally top 10 IT service providers, headquartered in Japan. With the new funds, the company is looking to foray into newer segments such as Bharat Bill Payment Operating Unit, apart from exploring the potential Merger & Acquisition (M&A) opportunities. Leveraging the parent company’s capabilities, NTT DATA Payment Services India is also initiating cross border commerce, thereby connecting India and global customers.
India has been one of the fastest growing markets for adoption of digital payments with more than 20 million merchants currently using some or the other forms of digital payments. This is slated to grow further to onboard additional 30-40 million merchants.
NTT DATA Payment Services India aids merchants to provide a seamless digital payment experience to customers, via both online and offline channels. The company caters to more than 6 million merchants in sectors such as education, government, retail, BFSI, healthcare, among others.
The company, which has recently been rebranded, grew by more than 100% in revenues in FY 2021-22. In the same fiscal, the transaction volume surged more than double as compared to the same period in the previous fiscal.
About NTT DATA Payment Services India Ltd.
NTT DATA Payment Services India Ltd., formerly known as Atom Technologies Ltd., is an end-to-end payment service provider offering a myriad range of payment solutions through online and offline platforms via point of sale, payment gateway, Interactive Voice Response (IVR) and mobile applications. The company offers a host of digital payment solutions tailor-made to cater to the needs of its merchants such as point of sale, online payment gateway, mobile applications, wallets, BNPL, IVR, QR codes and white-labelled solutions. Being a veteran in the payments industry, the company services more than 6 million+ merchants, and has processed more than 100 million transactions, worth INR 800+ billion, annually. Visit us at www.nttdatapay.comAbout NTT DATA
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, IT modernization and managed services. NTT DATA enables clients, as well as society, to move confidently into the digital future. We are committed to our clients' long-term success and combine global reach with local client attention to serve them in over 50 countries. Visit us at nttdata.com
Advertisements