Malaysian telco U Mobile announced on Monday it has sold its merchant acquiring business GoBiz to NTT Data Cardpay in order to better focus on developing 5G-powered digital services for enterprises, particularly SMEs.
U Mobile said the deal will further strengthen its resources to drive 5G enterprise adoption. No financial details were disclosed.
NTT Data Cardpay is a subsidiary of NTT Data Payment Services, which said it remains committed to ensuring business continuity for merchants and their customers by maintaining the same level of service, support, and user experience.
The deal also includes a provision under which both companies will explore potential opportunities to collaborate to enhance digital solutions for the SME market. U Mobile and NTT Data Cardpay aim to help businesses adapt to the evolving digital landscape by leveraging advancements in 5G, AI, and payment technologies.
“U Mobile is looking forward to accelerating enterprise digitalisation with artificial intelligence, autonomous technology, IoT and more – and as such, this agreement with NTT Data Payment Services paves the way for us to fully leverage on our strengths to realise these ambitions, especially for the SME sector,” said U Mobile CIO Neil Tomkinson in a statement.
“By combining NTT Data Payment Services’ expertise in payment solutions with U Mobile’s next-gen 5G and 5G-A technology, we aim to enable businesses with seamless, digital payment solutions that enhance efficiency and growth,” added Sean Hesh, group CEO of NTT Data Payment Services.
