NTT DATA acquires stake in Accellence

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NTT DATA Corp, through its subsidiary NTT DATA Asia Pacific Pte Ltd, has acquired 51.4% of shares of Accellence (Thailand) Ltd, a company focused on the development of card business processing systems for financial institutions in Thailand. NTT DATA aims to make the company a subsidiary around the end of January.

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The move opens NTT DATA a gateway to establishing a firm foothold in the card and payment business in the growing market of Thailand, as it aims to combine NTT DATA’s solutions and know-how in the card and payment field acquired through service provisions including CAFIS and Accellence’s card business processing systems for financial institutions and their strong customer base, to co-offer multiple advanced-and-competitive electronic payment services.

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The collaboration is expected to accelerate NTT DATA’s expansion of its card and payment business in Thailand, and in the Asia-Pacific region.

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