NTT Data acquires Malaysia’s biggest payment gateway iPay88

Succesful merger: (L to R) NTT Data senior manager for Cards & Payments Services Tohru Yoshioka, , NTT Data head of Cards & Payments Services Masahiro Kawai, executive director and co-founder of iPay88 Sdn Bhd Lim Kok Hing, executive director and co-founder of iPay88 Sdn Bhd Chan Kok Long and business development director and co-founder of iPay88 Sdn Bhd Chong Lee Kean at the announcement of the acquisition of iPay88 by NTT Data.

Online payment service and solutions provider iPay88 Sdn Bhd, has just been acquired by Japanese system integration company NTT Data Corporation.

As a subsidiary of NTT Data, iPay88 will now be expanding its online payment solutions to countries like Singapore, Thailand and Vietnam in addition to its presence here, the Philippines and Indonesia.

With the acquisition, which was signed on Sept 4, NTT Data now owns over 50% share in iPay88.

According to Chan Kok Long, executive director and co-founder of iPay88, the company has seen double-digit growth rates year-on-year and expects the trend to continue over the next three years.

NTT Data has been strategically acquiring businesses in Australia, Italy, London and other countries since 2009, in an effort to expand its global footprint, with iPay88 being part of the company’s effort to expand its business in the Asia Pacific region.

As an online payment gateway service, iPay88 has over 60% market share, with customers that include Digi and TGV Cinemas, amongst others.

Chan adds that there will be no significant change in the overall corporate strategy and market direction even after the acquisition.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In Tech News

Twitter has flagged 200 of Trump’s posts as ‘disputed’ or misleading since the US election day – does it make a difference?
China tops world in AI patent filings, surpassing the US for the first time
SAIC Motor, an early adopter of the smart car, sets up US$1bil fund to invest in Internet-linked vehicles with Alibaba
Greece puts faith in online schooling
PDRM: Fake Bank Negara apps and websites cost victims RM5.2mil in losses
Amazon unions from Brazil to Germany plan Black Friday protests
Black Friday offers beacon of hope to struggling US stores
Man Utd working with cyber agency after ‘disruptive’ attack
Dating apps see matches bloom in India
US teens develop sanitising drone to help clean school during pandemic

Stories You'll Enjoy