NTT DATA Payment Services Obtains RBI Wink for Payment Aggregator License

Payment service provider NTT DATA Payment Services India (formerly Atom Technologies) announced on Monday that it has received approval in principle from the Reserve Bank of India (RBI) for the Payment Aggregator (PA) license.

The company has an annual transaction value of Rs 150,000 crore and a transaction volume of over 10 crore across India.

“This significant development also brings us closer to our vision of making NTT DATA Payment Services India one of the top three payment service providers in the country through better services and superior products,” said Dewang Neralla. , CEO of NTT DATA. Payment services.

“We will continue to create safe, reliable and innovative payment solutions for customers, with a focus on the viability and accessibility of digital payments for all, which is in line with the ‘Digital India’ vision,” said Neralla said.

NTT DATA Payment Services India is part of NTT DATA Corporation, one of the world’s top 10 IT service providers, headquartered in Japan.

The NTT DATA Payments division group has a strong presence in Japan, Hong Kong, Singapore, Vietnam and Malaysia.

NTT DATA operates CAFIS, the largest card payment processing network in Japan.

The company said it helps merchants deliver a seamless digital payment experience to customers, through online and offline channels.

It caters to more than six million merchants across India in sectors like education, government, retail, BFSI, and healthcare, among others.

–IANS

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(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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