The Hindu·3 min read·medium
NTT payments may pursue M&A route into lending
A
Ashokamithran T.
✦AI Summary
NTT DATA Payment Services is considering entering the lending market, potentially through mergers and acquisitions, to diversify its business model. The company plans to evaluate the scalability of this move over the next few years while continuing to focus on its core payment processing services.
NTT DATA Payment Services (NDPS), a Reserve Bank of India-licensed payment aggregator, is eyeing entry into lending business and has kept options on merger and acquisition (M&A) route as it looks to diversify beyond payments after scaling its core payment services business.
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