NTT Data Payments targets merchant financing and cross-border payments in India
NTT Data Payment Services India has launched its Adaptis platform and outlined a three-year push across merchant payments, online and in-store transactions, bill payments, cross-border transfers and merchant financing. The company is exploring lending partnerships or acquisitions to support the plan.
What happened
NTT DATA Payment Services India · NTT Data Payment Services India launched Adaptis and plans to expand merchant payments, in-store and online transactions, bill
Key facts
- Entered India in 2019 through acquisition of Atom Technologies
- Three-year expansion strategy
- Adaptis platform launched in India
- UPI accounted for 85.5% of digital-payment transaction volume and 9.5% of value in the six months ended December 2025
- India processed 142.70 billion payment transactions worth ₹1,643 trillion in the six months ended December 2025
- SMBC acquired a 25% stake in Yes Bank
Why this matters
The stated push into merchant financing creates a clear partnership or acquisition opening for Indian lenders, fintechs and cross-border payment specialists with regulated infrastructure and merchant underwriting assets.
What to watch
- Named lending partnership, NBFC alliance, acquisition target or application for any relevant lending or payment authorization.
- Launch of merchant working-capital, invoice-financing, settlement-advance or revenue-based financing products.
- Reported merchant count, TPV growth, cross-border payment volumes, take-rate expansion and share of revenue from value-added services.
- New pricing or product bundles combining online acceptance, in-store payments, payouts, reconciliation and financing.
- RBI changes affecting payment aggregators, cross-border payment aggregation, digital lending, KYC, data localization or outsourcing arrangements.
- Large enterprise or marketplace wins that validate NTT Data's ability to leverage its global corporate network.
- Evidence of credit losses, fraud incidents, merchant complaints or onboarding delays after financing products launch.
- Announce an NBFC, bank or regulated lending-fintech partnership to launch invoice financing, merchant cash advances or payment-flow-based working-capital products.
- Prioritize vertical-specific merchant packages for exporters, marketplaces, healthcare, education, travel and omnichannel retailers, where payment data and cross-border needs are more valuable.
- Build reconciliation, fraud management, payouts and embedded financing into Adaptis to make the platform harder to replace than a standalone payment gateway.
- Use NTT's multinational enterprise relationships to target India-based suppliers and foreign brands requiring domestic acquiring plus cross-border settlement.
- Pursue a minority investment, distribution alliance or acquisition of a lending, KYC, fraud or FX-specialist firm rather than immediately taking direct balance-sheet credit exposure.
- Increase investment in RBI-compliant data controls, merchant onboarding, risk monitoring and grievance processes as the company broadens beyond transaction processing.