NTT DATA Payment Services India (Formerly Atom Technologies) Raises $12 Mn from Its Parent

Mr. Dewang Neralla - CEO, NTT DATA Payment Services India Ltd

• Funds to spur business expansion plans
• To support foray into newer segments such as Bharat Bill Payment Operating Unit
• To explore potential Merger & Acquisition (M&A) opportunities

NTT DATA Payment Services India (erstwhile Atom Technologies Ltd.), a leading end-to-end payment service provider, today announced that it has raised INR 900 million ($ 12 million) from its parent company NTT DATA Corporation in a major push to its ambitious plan for the next phase of growth, amidst expanding digital payments landscape in India.

Dewang Neralla, Chief Executive Officer, NTT Data Payment Services India Ltd, said, “With India being one of the core markets for NTT Data, this capital infusion will further strengthen our payments’ business and is in tandem with our long-term growth strategy. As there is a huge untapped market, we will explore both organic as well as inorganic opportunities. The funds will only give us further impetus to our growth momentum. Further fund infusion will be decided based on the future opportunities.”

Shinichiro Nishikawa, Head of Global Payments & Services Division at NTT Data Corporation, said, “The capital infusion reinforces our firm’s commitment to the growth of digital payments in India. The conducive environment in the Indian market and seeing the quick adoption of digital payments channels, our confidence has grown manifold and gives us a fresh impetus for further investment as the need arises. Our vision for NTT DATA Payment Services India is to emerge as one of the top three Payment Service Providers in the country in the times to come through better services and superior products.”

NTT DATA Payment Services India is part of NTT DATA Corporation, one of the globally top 10 IT service providers, headquartered in Japan. With the new funds, the company is looking to foray into newer segments such as Bharat Bill Payment Operating Unit, apart from exploring the potential Merger & Acquisition (M&A) opportunities. Leveraging the parent company’s capabilities, NTT DATA Payment Services India is also initiating cross border commerce, thereby connecting India and global customers.

India has been one of the fastest growing markets for adoption of digital payments with more than 20 million merchants currently using some or the other forms of digital payments. This is slated to grow further to onboard additional 30-40 million merchants.

NTT DATA Payment Services India aids merchants to provide a seamless digital payment experience to customers, via both online and offline channels. The company caters to more than 6 million merchants in sectors such as education, government, retail, BFSI, healthcare, among others.

The company, which has recently been rebranded, grew by more than 100% in revenues in FY 2021-22. In the same fiscal, the transaction volume surged more than double as compared to the same period in the previous fiscal.

About NTT DATA Payment Services India Ltd.

NTT DATA Payment Services India Ltd., formerly known as Atom Technologies Ltd., is an end-to-end payment service provider offering a myriad range of payment solutions through online and offline platforms via point of sale, payment gateway, Interactive Voice Response (IVR) and mobile applications. The company offers a host of digital payment solutions tailor-made to cater to the needs of its merchants such as point of sale, online payment gateway, mobile applications, wallets, BNPL, IVR, QR codes and white-labelled solutions. Being a veteran in the payments industry, the company services more than 6 million+ merchants, and has processed more than 100 million transactions, worth INR 800+ billion, annually. Visit us at www.nttdatapay.com

About NTT DATA

NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, IT modernization and managed services. NTT DATA enables clients, as well as society, to move confidently into the digital future. We are committed to our clients' long-term success and combine global reach with local client attention to serve them in over 50 countries. Visit us at nttdata.com

Atom Technologies Launches Digital POS Payments App, ‘mGalla’ for Merchants

Mumbai headquartered, leading end-to-end payment services provider, Atom Technologies has launched India’s first multi acquiring Digital POS Payments App –‘mGalla’. By integrating different modes of payment such as Bharat QR, mPOS, UPI, Link Based payments and cash, the new app will be tremendously beneficial for India’s informal or unorganized sector which accounts for nearly 50 percent of the country’s GDP. By offering seamless payment services, mGalla will also help merchants to align themselves with GST.

Aimed at building a retail ecosystem, which will ultimately replace the physical galla with mGalla, Atom sees tremendous growth potential from the Tier 2 and Tier 3 cities. The company has also set out on a target base of 10,00,000 merchants. Atom also aims to integrate Aadhar based payment to the app in its next release which will further augment ease of payments.

Offering a host of services, the application will be a one-stop-solution for efficient management of transactions and accounts of retailers. With a very small application footprint, the application does not require high speed Internet for operation and is available currently on android platforms.

Commenting on the launch, Mr. Dewang Neralla, CEO, Atom Technologies said, “Demonetization led to a spurt in disaggregated digital payment methods and services leaving the businesses the complexity to grapple with these modes and their reconciliation, mGalla addresses this core issue and provides an integrated payment collection offering for merchants with very easy to use options.”

“It will also be immensely beneficial for the informal retail sector as it efficiently manages their day to day transactions. This will be particularly useful in the wake of the launch of GST.”

For a retailer, the entire process consists of 4 simple steps – Register/Login, Enter payment details, Choose payment mode and then finally completes the transaction.



Image Source: ShutterStock

Atom Technologies Launches Digital POS Payments App, ‘mGalla’ for Merchants

Mumbai headquartered, leading end-to-end payment services provider, Atom Technologies has launched India’s first multi acquiring Digital POS Payments App –‘mGalla’. By integrating different modes of payment such as Bharat QR, mPOS, UPI, Link Based payments and cash, the new app will be tremendously beneficial for India’s informal or unorganized sector which accounts for nearly 50 percent of the country’s GDP. By offering seamless payment services, mGalla will also help merchants to align themselves with GST.

Aimed at building a retail ecosystem, which will ultimately replace the physical galla with mGalla, Atom sees tremendous growth potential from the Tier 2 and Tier 3 cities. The company has also set out on a target base of 10,00,000 merchants. Atom also aims to integrate Aadhar based payment to the app in its next release which will further augment ease of payments.

Offering a host of services, the application will be a one-stop-solution for efficient management of transactions and accounts of retailers. With a very small application footprint, the application does not require high speed Internet for operation and is available currently on android platforms.

Commenting on the launch, Mr. Dewang Neralla, CEO, Atom Technologies said, “Demonetization led to a spurt in disaggregated digital payment methods and services leaving the businesses the complexity to grapple with these modes and their reconciliation, mGalla addresses this core issue and provides an integrated payment collection offering for merchants with very easy to use options.”

“It will also be immensely beneficial for the informal retail sector as it efficiently manages their day to day transactions. This will be particularly useful in the wake of the launch of GST.”

For a retailer, the entire process consists of 4 simple steps – Register/Login, Enter payment details, Choose payment mode and then finally completes the transaction.



Image Source: ShutterStock