NTT Data buys majority stake in 63 Moons-owned payments services provider Atom Technologies for $9.24 mn
NTT will take a 55.35 percent stake in Atom for $9.24 million and invest $1.5 million in primary equity to take its total holding in the company to 60 percent
Introduction of this facility will enable merchants to make real-time, 24x7 fund transfers.
The mobile loan management solution will equip Muthoot Fincorp field staff with JAVA MIDP 2.0 enabled mobile handsets
The company now offers end-to-end life/ non-life insurance premium and renewal payment options over the phone.
Dewang Neralla, director, atom technologies, discusses the relationship between mobile payments and financial inclusion.
atom's new technology will enable Tata Sky subscribers to make payments, subscribe or renew their subscription by simply pressing a few buttons on their mobile phones.
atom is looking at entering into a close alliance with airlines, tour operators, online travel agents and hotels to offer mobile payment solutions to their end consumers.
Magna will speed up its subscription renewal process through the IVR system and will also reduce the overall administrative overheads involved in new customer acquisition and retention.
The PABP certification testifies that atom adheres to all norms, which are critical to ascertain the highest level of security standards for m-banking.