NTT DATA, a leading IT services provider, headquartered in Tokyo, today announced that it has entered into an agreement to acquire a majority stake in Atom Technologies, India’s leading end to end payment services owned by 63 moons technologies. This earmarks NTT DATA foray into the rapidly expanding Indian payments market and the company aims
to strengthen its business presence in the South Asian markets.
NTT DATA is one of the largest IT companies globally with revenues of 19 billion USD*. It has presence across over 50 countries and employs more than 1,20,000 globally. Its global payments division operates one of the largest payment operations in Japan. NTT DATA’s foray in the payments market in India is a key strategic decision taken at this 19 billion USD company having a Pan – Asian focus on payments having acquired companies in Malaysia, Vietnam, Hong Kong, and Thailand and is expected to play a pivotal role in its expansion strategy.
Even in the recently concluded 13th India-Japan annual summit, the Prime Ministers of both the countries endeavored to further strengthen bilateral economic trades and strived to push a digital partnership wherein leading corporates from both countries could foster a collaborative economic environment.
Atom is India’s first company to have created a multi-channel payments platform covering POS, Online, IVR as well as Mobile. This partnership is a strong endorsement of the rapid strides made by the two countries in the digital sector and will help Atom to leverage NTT DATA’s presence across the globe and emerge as a large global payments entity. Utilizing NTT DATA’s relationship across the spectrum, Atom aims to further broaden its universe of customers both in India and globally.
This acquisition of atom will be subject to all approvals and 63 moons will endeavor to comply with all legal requirements.
About 63 Moons Technologies
63 moons technologies limited is a world leader in providing next-generation technology ventures, innovations, platforms, and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry
segments. We have always been working towards providing technology solutions, building user-friendly financial platforms, and creating digital marketplaces in India and abroad, thus taking India to the global markets.
About Atom Technologies
Atom Technologies Ltd. is a Mumbai headquartered leading payments service provider focused on creating an end-to-end payments ecosystem over Internet, IVR, mobile and point-of-sale through online and offline platforms. Incorporated in 2005, the company currently manages an array of customers from e-tail, retail, government, utility, BFSI, DTH, education, entertainment, travel and tourism, telecom among others. The company as on date processes more than 150+ million transactions worth USD 10 billion across a merchant population of over 1,50,000.
About NTT DATA
NTT DATA is a leading IT services provider and global innovation partner headquartered in Tokyo, with business operations in over 50 countries. Our emphasis is on long-term commitment, combining global reach with local intimacy to provide premier professional services varying from consulting and systems development to outsourcing.