NTT DATA Corporation, through its subsidiary NTT DATA Asia Pacific Pte. Ltd, completed an acquisition of iPay88 Sdn. Bhd to make the company a subsidiary. iPay88 is an online payment service and payment solution provider with the largest share of payment service via PC and mobile in Malaysia.
By this deal, NTT DATA will establish a foothold in the online payment business in the growing APAC market with an aim to combine NTT DATA’s payment solution and know-how acquired through CAFIS® (=Credit And Finance Information System) and iPay88’s renowned payment service for financial institutions and its solid customer base to provide advanced and competitive electric payment service.
NTT DATA Group has a medium-term management plan to focus on expanding and strengthening business globally. Also the company sees APAC market has a great potential to grow in the payment field which is one of its core business. The company already has footprint of payment solutions in Vietnam and Thailand. It was admitted to the Asian Payment Network (APN) as a first Japanese member to create a common payment settlement platform within APAC region in 2014.
(Source: NTT DATA)