Japan's NTT acquires 55% stake in 63moons' subsidiary Atom for $9 mn

Tokyo-headquartered NTT Data, a leading IT services provider, has acquired 55.35 per cent stake in Atom Technologies, a subsidiary of 63moons technologies, for an aggregate consideration of $9.24 million (Rs 650 million).   

Incorporated in 2005, Atom Technologies is a leading payments service provider focused on creating an end-to-end payments ecosystem over the internet, IVR, mobile and point-of-sale (PoS) through online and offline platforms. At present, the company processes more than 150 million transactions worth $10 billion across a merchant population of over 150,000.

This signals NTT's foray into the Indian payments market. NTT is one of the largest IT