For $9.2m, NTT buys majority pie in Atom Tech

BENGALURU: Japanese IT company NTT Data has acquired a 55.35% stake in Indian payment services firm Atom Technologies for $9.2 million as part of its broader strategy to establish its presence in the payment business across Asia.

The company has acquired nine payments companies in Malaysia, Vietnam, Hong Kong and Thailand. Atom, owned by BSElisted 63 moons technologies, is India’s first company to have created a multi-channel payments platform covering point-of-sales, online and mobile, NTT said.

The company said 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.”


“We believe Indian payment market has huge potential, pillared by consistent economic growth and the government’s strong initiative toward digital payments,” said Isao Arima, senior VP, NTT Data. “Our payment business in Japan as well as Southeast Asia will help Atom for providing cross-border payment services to their merchants.”

Over the years, NTT has expanded its presence in India through acquisitions, and has a big offshore presence with its purchase of Dell Services.