Talking on the growth of UPI, Rahul Jain – CFO, NTT DATA Payment Services India said that the kind of use cases that have been built on UPI are going to fire the growth going ahead. Internationalisation of UPI is also bringing in a lot more transactions to UPI. Growth will continue but we also have to account for the much larger base, which means that growth in 2025 could be between 8-15% compared with the strong double-digit growth seen throughout 2024. The recent GDP growth estimate is weaker-than-expected. If the economy grows, transactions will also grow so in the medium term we could also see some cyclical impact if growth slows down.

Rahul Jain – CFO, NTT DATA Payment Services India said that in the net banking 2.0, the customer will be redirected to the mobile app of their bank on the phone to execute the transaction, which is being currently,followed for UPI intent flow. That is something which will be unique to the Indian payments’ ecosystem. This will also help increase netbanking transactions as it will improve ease of use for users given, they won’t have to log in to netbanking for every transaction.

Tokenisation is fast becoming an essential component for banks and payment firms, holding out the prospect of simpler, more secure compliance for payments, and faster processing speed. Rahul Jain, Chief Financial Officer of NTT DATA Payment Services India, explains the advantages of payment tokenization

“Enhanced limits can be particularly useful to make utility bill payments and for payments to other users. This welcome move from the RBI comes after the Securities and Exchange Board of India’s (SEBI) directive to allow UPI-based block mechanism for funding secondary market trades in the capital market. Overall, the use-cases for UPI are increasing. This augurs well for both the consumer as well as for the industry, as payments become more efficient and convenient,” said Rahul Jain, chief financial officer at NTT DATA Payment Services India.

Rahul Jain, CFO of NTT Data Payment Services India, said under-served categories, such as senior citizens and users from rural India with limited digital usage, might find this beneficial. It can be particularly useful for making utility bill payments and payments to other users.

Rahul Jain – CFO, NTT DATA Payment Services said that this initiative will be beneficial for under-served categories, such as senior citizens and users from rural India. It can be specifically helpful for making utility bill payments and payments to other users.

Says Rahul Jain, chief financial officer of NTT Data Payment Services, “Incoming calls from banks have a four-digit prefix of 1860 to help customers identify the calls. So if you receive an incoming calls from someone claiming to be a bank official but the phone number used by him to make the call does not start with 1860' - then it is a fraudster masquerading as a bank official.”

Rahul Jain, CFO, NTT DATA Payment Services India, said that this initiative will empower and benefit investors with enhanced security, improved transparency, interest earnings and ease of making payments at a time when UPI payments are witnessing significant growth. This move will improve fund management and further enhance investors’ convenience, allowing them to create a payment mandate by blocking funds for trading which will safeguard their amount from misuse.

Rahul Jain, CFO, NTT DATA Payment Services India, said that this initiative aims to empower investors by providing enhanced security, improved transparency, and opportunities for interest earnings, alongside simplified payment processes during a period of significant growth in UPI payments. By improving fund management, this move will greatly enhance the convenience for investors, enabling them to establish a payment mandate that allows for the blocking of funds for trading. This safeguard will protect their investments from potential misuse.

Rahul Jain, CFO, NTT DATA Payment Services India, said that this initiative, which is all about giving investors more power and protection. With better security and transparency, plus the chance to earn interest, managing payments is going to get a lot easier—especially as UPI payments continue to grow. This change will help you manage your funds more effectively, allowing you to set up a payment mandate that blocks funds specifically for trading. This way, you can keep your money safe from misuse while enjoying a smoother investment experience.

Syed Mohammad Zafar Alam appointed as Chief Business Officer at NTT DATA Payment Services

Rahul Jain – CFO, of NTT DATA Payment Services India explains UPI Circle-Delegate Payments will allow two individuals to use one bank account for making UPI payments. "These individuals can be family members like senior citizens, spouses or children who may not have a bank account or where the family members use a single bank account," he adds.

Rahul Jain – CFO, NTT DATA Payment Services India, said enhanced tax payment limit through UPI will strengthen the tax-collection system, reduce the cost of tax-collection and make tax-payments more convenient for taxpayers. While more details on delegated UPI payments facility, he said, the initiative will further strengthen and enhance UPI payments especially in rural areas, where financial literacy is less and one bank account is used by one family.

Rahul Jain, Chief Financial Officer, NTT DATA Payment Services India said, the enhancement of the UPI limit for tax payments will strengthen the tax-collection system, reduce the cost of tax collection, and make tax payments more convenient for taxpayers. “This also means more benefits to taxpayers in terms of seamless, transparent, secured, and ease of making high-value transactions,” he said.

Rahul Jain, CFO of NTT DATA Payment Services India, advocated for a subsidy on the merchant discount rate (MDR) charged for UPI transactions through credit cards to make the business model more viable. He said that simplifying and fast-tracking the licensing process, creating a proper mechanism to ensure safety of digital payments, and setting up infrastructure and other targeted initiatives will provide a further boost to digital transactions’ scale and volumes.

Rahul Jain – CFO of NTT DATA Payment Services India said consumers now demand speed, convenience and security in their transactions and this motivates us to constantly innovate our products. Our commitment is to provide cutting-edge solutions that not only meet consumer expectations but also foster a more inclusive and connected global economy.

Rahul Jain, CFO, NTT Data Payment Services India said the central bank’s announcement on e-Mandates for recurring online transactions and enhancing the limit for certain categories will give a major boost to the cashless system. This also means more benefits to consumers in security, ease of making payments, and accessible digital payment. With an additional factor of authentication and increasing the limit to ₹1 lakh per transaction especially for mutual fund, insurance premium subscriptions and credit card repayments will further push consumer confidence and the usage of e-mandates.

Rahul Jain, CFO, NTT Data Payment Services India said the central bank’s announcement regarding e-Mandates for recurring online transactions, along with an increased limit for certain categories, will significantly enhance the cashless system. This change will provide consumers with greater benefits in terms of security, convenience, and access to digital payments. The introduction of an additional authentication factor, along with raising the transaction limit to ₹1 lakh for mutual fund investments, insurance premium payments, and credit card repayments, is expected to boost consumer confidence and encourage the use of e-Mandates.

In the fast-paced world of digital payments, revolutionary pioneers are innovating and redesigning the industry. Among them is Mr. Rahul Jain, a significant figure in NTT DATA Payment Services India Ltd’s leadership team. As Chief Financial Officer (CFO) and Chief Human Resources Officer (CHRO), he played a huge role in molding the company’s financial and human resource strategy. Boasting 20 years of experience navigating the intricate regulatory landscape, Rahul Jain has demonstrated an impressive financial sense and strategic vision.

Digital payments industry is experiencing remarkable growth, driven by a convergence of factors such as the widespread adoption of the Unified Payments Interface (UPI), the integration of Artificial Intelligence (AI) for enhanced security and customer support, and a relentless commitment to secure transactions.

Rahul Jain, Chief Financial Officer (CFO) – NTT DATA Payment Services India says, the introduction of AI in India will further push the Make in India initiative. “The RBI’s proposal to introduce 'Conversational Payments' through the utilization of Artificial Intelligence (AI) on the Unified Payments Interface (UPI) platform marks a transformative stride for India's payment ecosystem. This innovative approach is poised to empower customers with more seamless, transparent, and convenient payment solutions. Leveraging the capabilities of AI will further streamline payment transactions within a secure environment. This not only highlights the potential for 'Make-in-India' solutions to gain global recognition, particularly in technology-driven nations where AI is pervasive but also highlights India's pioneering role in the digital payments’ domain.

Rahul Jain, CFO, NTT DATA Payment Services India said that this move ensures swift transaction processing, solidifying NFC payments as a secure and user-friendly payment alternative. By leveraging this state-of-the-art technology, transaction volumes are set to witness a substantial increase, granting users a seamless, hassle-free experience for UPI transactions tailored to their convenience.

Rahul Jain, CFO, NTT DATA Payment Services India said that this not only highlights the potential for 'Make-in- India' solutions to gain global recognition, particularly in technology-driven nations where AI is pervasive but also highlights India's pioneering role in the digital payments’ domain. The chatbot will play a pivotal role by providing the user with a direct payment link or QR Code.

Dewang Neralla – CEO of NTT DATA Payment Services India said adoption of digital payments in India have grown exponentially. We must thank online payment gateways for simplifying digital payments. India’s population is far more geared to accept digital payments.

When big corporates recruit a huge number of people, there are some days in the week that are just not suitable for rolling out the red carpet to the new talent. Since 2019, NTT DATA Payment Services India, has been maintaining Tuesday as induction day with the batch size varying between 15 and 20 employees.

Dewang Neralla, CEO of NTT DATA Payment Services India said that the decision will lead to convergence on standards of data collection and storage, at a time when card and UPI payments are on the rise.

Dewang Neralla, CEO of NTT DATA Payment Services India said that it is important to bring the offline payment aggregators (PAs) at parity with online PAs since they also manage funds and undertake similar nature of financial activities. This decision means facilitating more secure, trustworthy and accessible digital payment options to customers.

Payment service provider NTT DATA Payment Services India (earlier Atom Technologies) said it has received an in-principle approval from the Reserve Bank of India (RBI) for the Payment Aggregator (PA) license. Dewang Neralla, CEO of NTT DATA Payment Services said, "this significant development also brings us closer to our vision, that is, to develop NTT DATA Payment Services India as one of the top three payment service providers in the country through better services and superior products. We will continue to build safe, trusted, and innovative payment solutions for customers, with a focus to make digital payments viable and accessible for everyone, which is in line with the 'Digital India' vision."

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NTT DATA Payment Services India has announced that it has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator (PA) license. CEO Dewang Neralla commented, "This significant development brings us closer to our vision of establishing NTT DATA Payment Services India as one of the top three payment service providers in the country by offering enhanced services and superior products."

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Dewang Neralla, CEO, NTT DATA Payment Services India said, there are 180 plus applications – it’s quite a large number. I am sure the RBI will look at serious players in the business. Currently, the market is well developed with largely the top 10-12 players catering to the majority of the market.

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NTT Data Payment Services, where almost all the employees were operating from office till recent rise in Covid- 19 cases, is "currently operating at 50-60% capacity", its CEO Dewang Neralla said.

Dewang Neralla, CEO, NTT DATA Payment Services India said “The Reserve Bank of India has not specified on the pricing part yet. But my sense is, they have to devise a mechanism wherein they can identify the transactions that will take place through credit cards and then charge merchant discount rate (MDR) accordingly. While keeping customer’s convenience in mind, it is very important they have to work out a proper MDR structure for the transactions that will happen on UPI through credit cards.”

Dewang Neralla, CEO, NTT DATA Payment Services India said, “It is a welcome move by the central bank. Increased limits will lead to increased convenience for the consumers as well as concerned businesses such as monthly pay-outs done for paying school/college fees, electricity bill payments, mobile payments and lending organizations. The mandatory notification 24 hrs prior to the auto-debit shall ensure that the consumer is warned ahead in time to maintain the requisite card balances.”

Dewang Neralla, chief executive officer of NTT DATA Payment Services India said, “Increased limit will lead to increased convenience for the consumers as well as businesses such as monthly pay-outs done for paying school/college fees, electricity bill payments, mobile payments, and lending organizations. The mandatory notification 24 hours prior to the auto-debit shall ensure that the consumer is warned ahead in time to maintain the requisite card balances.”

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Dewang Neralla, CEO of NTT DATA Payment Services India said pricing is something that is not yet known. How will MDR pan out, how they will be able to charge are yet to be cleared out. Clarity from the regulator on the issue of MDR is very important for the whole payments’ ecosystem.

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NTT DATA Payment Services India has organized PayTech Knowledge Series – a unique initiative that endeavors to promote and accelerate digital payment solutions, besides expanding the knowledge base of the stakeholders. The event hosted an engaging and educative panel discussion on innovative digital payment solutions that can lead to further adoption of cashless transactions.

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, stated, “The PayTech Knowledge Series serves as a platform to share knowledge, exchange information, and foster interaction with stakeholders, contributing to our country's adoption of digital payments. It’s encouraging to see the response and curiosity among bankers, merchants, and our reseller partners eager to learn more. As business models continuously transform, the entire payment ecosystem is evolving to replace cash-based transactions, thereby supporting the Government's vision of ‘Digital India.’

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, said, “The PayTech Knowledge Series serves as a platform to share knowledge, exchange information, and foster interaction with stakeholders, contributing to our country's adoption of digital payments. It is encouraging to see the response and curiosity among bankers, merchants, and our reseller partners eager to learn more. As business models continuously transform, the entire payment ecosystem is evolving to replace cash-based transactions, thus supporting the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, said, “The PayTech Knowledge Series serves as a platform to share knowledge, exchange information, and foster interaction with stakeholders to help our country adopt as much digital payments as possible. It is encouraging to see the response and curiosity among bankers, merchants, and our reseller partners eager to learn more. As business models continuously transform, the entire payment ecosystem is evolving to replace cash-based transactions, thus supporting the Government's vision of ‘Digital India”.

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, stated, “The PayTech Knowledge Series is a platform for sharing knowledge, exchanging information, and fostering interactions with stakeholders, helping our country to adopt more digital payments. It’s encouraging to see the enthusiasm and curiosity among bankers, merchants, and our reseller partners to learn more. As business models evolve, the entire payment ecosystem is adapting to reduce cash-based transactions, supporting the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, said, “The PayTech Knowledge Series serves as a platform to share knowledge, exchange information, and foster interaction with stakeholders, contributing to our country's adoption of digital payments. It is encouraging to see the enthusiasm and curiosity among bankers, merchants, and our reseller partners eager to learn more. As business models continue to transform, the entire payment ecosystem is evolving to replace cash-based transactions, thereby supporting the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, stated, “The PayTech Knowledge Series acts as a platform for sharing knowledge, exchanging information, and fostering interaction with stakeholders, contributing to our country's goal of maximizing digital payments. It’s encouraging to witness the interest and curiosity among bankers, merchants, and our reseller partners who want to learn more. As business models evolve, the entire payment ecosystem is adapting to phase out cash-based transactions, thereby supporting the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, remarked, “The PayTech Knowledge Series provides a platform for sharing insights, exchanging information, and engaging with stakeholders to aid our country in maximizing digital payments. It’s encouraging to see the enthusiasm and interest among bankers, merchants, and our reseller partners eager to learn more. As business models shift, the payment ecosystem is evolving to reduce cash transactions, supporting the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, expressed, “The PayTech Knowledge Series serves as a venue for sharing knowledge, exchanging ideas, and engaging stakeholders to help our country embrace digital payments more fully. It’s inspiring to observe the curiosity and eagerness among bankers, merchants, and our reseller partners to gain more insights. As business models change, the entire payment ecosystem is transforming to replace cash-based transactions, aligning with the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, stated, “The PayTech Knowledge Series is designed to facilitate knowledge sharing, information exchange, and stakeholder engagement, playing a crucial role in advancing our country’s digital payment adoption. It’s heartening to witness the interest from bankers, merchants, and our reseller partners eager to learn. As business models continue to evolve, the payment landscape is shifting away from cash transactions, thereby supporting the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, noted, “The PayTech Knowledge Series acts as a platform for knowledge sharing, information exchange, and stakeholder interaction, helping our country move towards greater digital payment adoption. It’s encouraging to see the proactive interest from bankers, merchants, and our reseller partners. As business models are evolving, the payment ecosystem is adapting to eliminate cash transactions, which aligns with the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, mentioned, “The PayTech Knowledge Series provides a space for knowledge sharing, information exchange, and interaction with stakeholders to support our nation's digital payment initiatives. It’s uplifting to observe the eagerness among bankers, merchants, and our reseller partners to learn more. As business models transform, the entire payment ecosystem is evolving to minimize cash transactions, reinforcing the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, highlighted, “The PayTech Knowledge Series serves as a platform to disseminate knowledge, exchange information, and engage with stakeholders, contributing to our country's journey toward digital payment adoption. It’s gratifying to see the enthusiasm from bankers, merchants, and our reseller partners eager to expand their understanding. As business models evolve, the payment ecosystem is transitioning away from cash transactions, thus supporting the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, declared, “The PayTech Knowledge Series is a vital platform for sharing expertise, exchanging information, and engaging with stakeholders to promote our nation's adoption of digital payments. It’s promising to witness the interest and curiosity among bankers, merchants, and our reseller partners. As business models adapt, the payment ecosystem is shifting to reduce reliance on cash transactions, aligning with the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, conveyed, “The PayTech Knowledge Series functions as a hub for knowledge sharing, information exchange, and stakeholder collaboration to advance our country’s digital payment adoption. It’s encouraging to observe the engagement and curiosity among bankers, merchants, and our reseller partners. As business models continuously transform, the payment ecosystem is evolving to phase out cash transactions, supporting the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, articulated, “The PayTech Knowledge Series is an initiative for sharing knowledge, exchanging ideas, and fostering interactions with stakeholders to assist in our country’s digital payment journey. It’s heartening to see the enthusiasm among bankers, merchants, and our reseller partners to gain further insights. As business models evolve, the entire payment ecosystem is adjusting to reduce cash-based transactions, thereby supporting the Government's vision of ‘Digital India.’”

Dewang Neralla, Chief Executive Officer of NTT Data Payment Services India, stated, “The PayTech Knowledge Series serves as a platform for sharing knowledge, exchanging information, and fostering interaction with stakeholders, contributing to our country's goal of maximizing digital payment adoption. It’s encouraging to see the enthusiasm and curiosity among bankers, merchants, and our reseller partners eager to learn more. As business models continue to evolve, the entire payment ecosystem is adapting to phase out cash transactions, thereby supporting the Government's vision of ‘Digital India.’”

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Dewang Neralla, CEO of NTT DATA Payment Services, observed that while generating token numbers for plain vanilla transactions involving credit and debit cards should not pose too many problems, customers are likely to face some issues when it comes to recurring payments, EMIs, offers, refunds and charge backs. “Merchants involved in recurring transactions may not be able to generate token numbers,” he said.

NTT DATA Payment Services India, a leading end-to-end payment service provider, has sharpened its Digital Payment Services' focus in Bihar that includes increasing its footprint, thereby enhancing contribution to the ‘Digital India’ vision. DEWANG NERALLA, CHIEF EXECUTIVE OFFICER, NTT DATA PAYMENT SERVICES INDIA, said, “Bihar market forms an integral part of our long-term strategy, that aims to place us among the top players in the digital payments’ solutions in the state. Our priority remains on offering innovative payment solutions in this digitally growing state, particularly to the Government departments and Education sector which in turn can focus on their core business while also supporting their digitalization journey.”

NTT DATA Payment Services India, a leading end-to-end payment service provider, has intensified its focus on digital payment services in Bihar, aiming to expand its presence and contribute to the ‘Digital India’ vision. Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, said, “The Bihar market is a crucial component of our long-term strategy, positioning us among the top players in digital payment solutions in the state. Our priority is to offer innovative payment solutions in this rapidly digitizing region, especially to government departments and the education sector, allowing them to concentrate on their core activities while supporting their digitalization journey.”

NTT DATA Payment Services India has sharpened its focus on digital payment services in Bihar, aiming to expand its footprint and enhance its contribution to the ‘Digital India’ vision. Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, stated, “The Bihar market is a vital part of our long-term strategy, positioning us among the top players in digital payment solutions within the state. Our focus remains on delivering innovative payment solutions in this rapidly digitizing region, particularly for government departments and the education sector, enabling them to concentrate on their core activities while advancing their digitalization journey.”

NTT DATA Payment Services India, a leading provider of end-to-end payment solutions, has intensified its emphasis on digital payment services in Bihar, aiming to broaden its reach and contribute to the ‘Digital India’ initiative. Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, stated, “The Bihar market is a fundamental part of our long-term strategy, aiming to establish us as a key player in the digital payment solutions sector in the state. Our focus is on delivering innovative payment services in this rapidly evolving digital environment, particularly to government departments and the education sector, which can then concentrate on their core functions while advancing their digitalization efforts.”

NTT DATA Payment Services India, a leading end-to-end payment service provider, has sharpened its focus on digital payment services in Bihar to expand its presence and enhance its contribution to the ‘Digital India’ vision. Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, explained, “The Bihar market is a crucial element of our long-term strategy, positioning us among the top players in the digital payments space in the state. Our priority is to provide innovative payment solutions in this rapidly digitizing area, particularly to government departments and the education sector, enabling them to focus on their essential operations while facilitating their digitalization journey.”

NTT DATA Payment Services India has intensified its commitment to digital payment services in Bihar, aiming to expand its operations and support the ‘Digital India’ vision. Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, emphasized, “The Bihar market is integral to our long-term strategy, which aims to position us among the top digital payment providers in the state. Our focus remains on delivering innovative payment solutions in this digitally growing region, particularly for government departments and the education sector, enabling them to concentrate on their core missions while advancing their digital transformation.”

NTT DATA Payment Services India has increased its focus on digital payment services in Bihar, seeking to broaden its reach and enhance its contributions to the ‘Digital India’ mission. Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, noted, “The Bihar market plays a vital role in our long-term strategy, which aims to position us among the leading digital payment solution providers in the state. We prioritize offering innovative payment solutions in this rapidly digitizing environment, especially to government departments and the education sector, allowing them to focus on their main activities while aiding their digitalization journey.”

NTT DATA Payment Services India, a leading provider of end-to-end payment solutions, has sharpened its focus on digital payment services in Bihar, with the goal of expanding its presence and contributing to the vision of ‘Digital India.’ Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, stated, “The Bihar market is an essential aspect of our long-term plan, aiming to position us among the top players in the digital payments arena in the state. Our priority is to deliver cutting-edge payment solutions in this digitally advancing state, particularly for government departments and the education sector, enabling them to concentrate on their core operations while supporting their digital transformation.”

NTT DATA Payment Services India has intensified its focus on digital payment services in Bihar, aiming to expand its footprint and strengthen its role in the ‘Digital India’ initiative. Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, remarked, “The Bihar market is a crucial part of our long-term strategy, which seeks to establish us as a leader in digital payment solutions within the state. Our emphasis is on providing innovative payment options in this rapidly evolving digital landscape, especially for government departments and the education sector, allowing them to focus on their core functions while advancing their digitalization efforts.”

NTT DATA Payment Services India has intensified its focus on digital payment services in Bihar to expand its presence and contribute to the ‘Digital India’ initiative. Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, stated, “The Bihar market is a critical element of our long-term strategy, aiming to establish us as a leading provider of digital payment solutions in the state. We are dedicated to offering innovative payment options in this rapidly digitizing environment, particularly for government departments and the education sector, enabling them to concentrate on their primary objectives while facilitating their digital transformation.”

NTT DATA Payment Services India, a leading end-to-end payment service provider, has heightened its emphasis on digital payment services in Bihar, seeking to expand its reach and bolster its support for the ‘Digital India’ initiative. Dewang Neralla, Chief Executive Officer of NTT DATA Payment Services India, noted, “The Bihar market is essential to our long-term strategy, as we aim to rank among the top providers of digital payment solutions in the state. Our priority is to deliver innovative payment services in this rapidly evolving digital landscape, especially for government departments and the education sector, allowing them to focus on their core functions while advancing their digital transformation.”

Financial technology firm NTT Data Payment Services India has raised Rs 90 crore from its Japan-based parent firm NTT Data Corporation to expand offerings and aims to double revenue in the next two to three years. NTT Data Payment Services India CEO Dewang Neralla on Tuesday said the funds will be utilised for scaling up company solutions in the payment aggregator space and acquiring smaller companies to strengthen its presence in the financial technology segment.

Financial technology firm NTT Data Payment Services India has secured ₹90 crore from its Japan-based parent company, NTT Data Corporation, to enhance its offerings, with plans to double revenue in the next two to three years. Dewang Neralla, CEO of NTT Data Payment Services India, stated on Tuesday that the funds will be used to scale up the company's solutions in the payment aggregator sector and to acquire smaller firms to bolster its presence in the financial technology landscape.

accelerate ‘Digital India’ vision. Dewang Neralla, chief executive officer, NTT DATA Payment Services India, said, “We aim to be amongst the top player in digital payments in Uttar Pradesh in the next three-five years with an increased thrust on the education and government sector. Given the Government’s unwavering support to industry players in driving the Digital India vision, we strive to double our transactions’ growth in the coming years.”

NTT DATA Payment Services India is set to enhance its digital payment offerings in Uttar Pradesh, contributing to the ‘Digital India’ initiative. CEO Dewang Neralla stated, “Our goal is to become a leading player in the region’s digital payments within the next three to five years, focusing on education and government sectors. With strong government support, we aim to double our transaction growth in the upcoming years.”

With ambitious plans to boost digital payment services, NTT DATA Payment Services India is committed to transforming Uttar Pradesh’s payment landscape. CEO Dewang Neralla remarked, “We aspire to be a top contender in digital payments over the next three to five years, particularly in education and government. The government's steadfast backing will help us achieve our target of doubling transaction growth soon.”

Uttar Pradesh, which has created a robust ecosystem to accelerate ‘Digital India’ vision.

NTT DATA Payment Services India is gearing up to expand its digital payment services in Uttar Pradesh, fostering a robust ecosystem for ‘Digital India.’ CEO Dewang Neralla commented, “In the next three to five years, we intend to become a major player in this space, focusing on the education and government sectors. With continued government support, we aim to double our transaction volume.” NTT DATA Payment Services India plans to enhance its digital payment services in Uttar Pradesh, aligning with the ‘Digital India’ vision. CEO Dewang Neralla stated, “We aim to rank among the top digital payment providers in the state within three to five years, with a particular focus on education and government initiatives. Our goal is to double our transaction growth, bolstered by the government’s support.” In its mission to propel digital payments in Uttar Pradesh, NTT DATA Payment Services India has unveiled ambitious plans. CEO Dewang Neralla shared, “Over the next three to five years, we aim to emerge as a key player in the sector, prioritizing the education and government domains. The government’s backing is crucial, as we target doubling our transaction growth.” NTT DATA Payment Services India is poised to strengthen its digital payment services in Uttar Pradesh, contributing to the ‘Digital India’ agenda. CEO Dewang Neralla said, “We seek to establish ourselves among the top digital payment providers in the state within three to five years, focusing on education and government sectors, while aiming to double our transactions with government support.” With the goal of advancing digital payments, NTT DATA Payment Services India is enhancing its offerings in Uttar Pradesh. CEO Dewang Neralla explained, “In the next three to five years, we aspire to be a leading player, especially in education and government. Supported by the government, we plan to double our transaction growth.” NTT DATA Payment Services India has ambitious plans to elevate digital payments in Uttar Pradesh, supporting the ‘Digital India’ initiative. CEO Dewang Neralla stated, “We aim to be among the top players in digital payments within three to five years, with a focus on the education and government sectors. Our goal is to double transaction growth, leveraging government support.” In a move to boost its digital payment services, NTT DATA Payment Services India is targeting Uttar Pradesh to further the ‘Digital India’ vision. CEO Dewang Neralla noted, “We intend to become a leading force in digital payments over the next three to five years, concentrating on the education and government sectors, and we’re aiming to double our transaction growth.” NTT DATA Payment Services India is committed to expanding its digital payment services in Uttar Pradesh, advancing the ‘Digital India’ vision. CEO Dewang Neralla said, “Our goal is to rank among the top digital payment providers in the region within three to five years, focusing on education and government. With government support, we plan to double our transactions.” With a focus on strengthening digital payment services, NTT DATA Payment Services India is looking to make significant strides in Uttar Pradesh. CEO Dewang Neralla remarked, “In three to five years, we aspire to be a leading player in digital payments, especially in the education and government sectors. We aim to double our transaction growth, aided by government support.” NTT DATA Payment Services India has outlined plans to enhance its digital payment services in Uttar Pradesh, furthering the ‘Digital India’ mission. CEO Dewang Neralla expressed, “We aim to become a top player in digital payments within the next three to five years, particularly in education and government, with the goal of doubling our transaction growth.” In a bid to enhance digital payments, NTT DATA Payment Services India is focusing on Uttar Pradesh to support the ‘Digital India’ initiative. CEO Dewang Neralla said, “We strive to be a key player in digital payments in the next three to five years, especially within the education and government sectors, with a target to double our transaction volume.” NTT DATA Payment Services India is launching initiatives to advance its digital payment services in Uttar Pradesh, aligning with the ‘Digital India’ vision. CEO Dewang Neralla stated, “We aim to become a leading player in the sector over the next three to five years, emphasizing education and government. Our target is to double transaction growth with government support.” NTT DATA Payment Services India is dedicated to enhancing digital payment services in Uttar Pradesh as part of the ‘Digital India’ movement. CEO Dewang Neralla commented, “Within the next three to five years, we aspire to rank among the top digital payment providers, focusing on education and government sectors. We aim to double our transaction growth with strong government backing.” With a clear vision for the future, NTT DATA Payment Services India is committed to expanding its digital payment services in Uttar Pradesh. CEO Dewang Neralla noted, “Our goal is to be a top player in digital payments within three to five years, particularly in education and government. We’re targeting a doubling of transaction growth, supported by the government.” NTT DATA Payment Services India has ambitious plans to elevate its digital payment services in Uttar Pradesh, contributing to the ‘Digital India’ goal. CEO Dewang Neralla stated, “We aim to be among the top digital payment providers in three to five years, with a focus on education and government sectors, and we plan to double our transaction growth with government support.”

In its pursuit of advancing digital payments, NTT DATA Payment Services India is focusing on Uttar Pradesh as part of the ‘Digital India’ initiative. CEO Dewang Neralla shared, “We strive to become a leading player in digital payments within the next three to five years, particularly in the education and government sectors, with an aim to double our transactions.”

NTT DATA Payment Services India is enhancing its digital payment services in Uttar Pradesh, fostering a strong ecosystem for ‘Digital India.’ CEO Dewang Neralla remarked, “We aim to rank among the top players in digital payments in three to five years, focusing on education and government, while targeting a doubling of our transaction growth.”

With a commitment to boosting digital payments, NTT DATA Payment Services India is focusing on Uttar Pradesh to support the ‘Digital India’ vision. CEO Dewang Neralla emphasized, “In the next three to five years, we aspire to be a top player in this sector, particularly in education and government, aiming to double our transaction growth with government support.”

Dewang Neralla, chief executive officer, NTT DATA Payment Services India Ltd said, “Under the card-less cash withdrawal facility, a user can authenticate a transaction. Moreover, extending cardless cash withdrawal facility to all banks will add to the bouquet of digital transaction services available to customers. Additionally, RBI has taken steps to increase penetration of Bharat Bill Payment System (BBPS) payment collection for merchants.

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Atom Technologies Ltd, an end-to-end payment service provider, has announced its rebranding as NTT DATA Payment Services India Ltd. This change aims to enhance the payment experience for merchants and customers in India, whether online or offline. The rebranding is part of NTT Data’s global growth strategy in the payment solutions sector, focusing on the Indian and Asian markets.