Tokyo & Mumbai: Tokyo-headquartered IT services provider NTT DATA has entered into an agreement to acquire a majority stake in Mumbai-based Atom Technologies, an end-to-end payment service owned by 63 Moons Technologies. The terms of the deal are yet to be disclosed.

Dewang Neralla, CEO, Atom Technologies said, “At Atom, it has always been our endeavor to offer world-class payment services to our customers and our association with NTT DATA will help us evolve into our next phase. We look forward to greater synergies and to implement NTT DATA’s global learning into the Indian markets and thereby further enhance the payments ecosystem in the country.”

The deal marks NTT DATA’s foray into the rapidly expanding Indian payments market. With this deal, the company aims to strengthen its business presence in the South Asian markets. With revenue of $19 Bn, it has a presence in over 50 countries and employs more than 1, 20,000 people worldwide. It claims to have a pan-Asian focus on digital payments, having acquired companies in Malaysia, Vietnam, Hong Kong, and Thailand, and is expected to play a pivotal role in its expansion strategy