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September 7, 2015updated 04 Apr 2017 4:01pm

NTT Data buys Malaysian payment provider iPay88

Japanese IT giant NTT Data has purchased iPay88, an online payment service and payment solution provider in Malaysia, for an undisclosed sum.

By Verdict Staff

Japanese IT giant NTT Data has purchased iPay88, an online payment service and payment solution provider in Malaysia, for an undisclosed sum.

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Following the transaction, iPay88 will operate as a subsidiary of NTT Data.

The acquisition is aimed at further expanding the company’s payment business in Malaysia and establishing a firm foothold in the online payment business in Asia-Pacific.

Integrating its IT solutions centered around the CAFIS with iPay88’s online payment business processing systems allows NTT Data to co-offer multiple advanced-and-competitive electric payment services.

Established in 2006, iPay88 has multiple financial institutions as business partners in Malaysia. The company is now focusing on mobile POS systems to capture card present transactions as value-added services in markets, with an aim to build a cashless society.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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