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Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. (Only the headline and picture of this report may have been reworked by the Business Standard staff the rest of the content is auto-generated from a syndicated feed.)īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. It caters to more than six million merchants across India, in sectors such as education, government, retail, BFSI and healthcare, among others. The company said it helps merchants to provide a seamless digital payment experience to customers, via both online and offline channels. NTT DATA operates CAFIS, Japan's largest card payment processing network. The NTT DATA Payments division group has a significant presence across Japan, Hong Kong, Singapore, Vietnam, and Malaysia. NTT DATA Payment Services India is part of NTT DATA Corporation, one of the globally top 10 IT service providers, headquartered in Japan. "We will continue to build safe, trusted, and innovative payment solutions for customers, with a focus to make digital payments viable and accessible for everyone, which is in line with the 'Digital India' vision," said Neralla. "This significant development also brings us closer to our vision, that is, to develop NTT DATA Payment Services India as 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. The company has an annual transaction value of Rs 150,000 crore and a volume of over 10 crore transactions across India. Payment service provider NTT DATA Payment Services India (earlier Atom Technologies) on Monday said it has received an in-principle approval from the Reserve Bank of India (RBI) for the Payment Aggregator (PA) license.