KUALA LUMPUR (April 21): U Mobile has signed an agreement to dispose of its merchant acquiring business GoBiz for unspecified transaction value to NTT Data Payment Services Sdn Bhd.
The disposal will allow U Mobile to focus its resources on 5G enterprise solutions, according to a joint statement. As part of the drive, U Mobile will also explore working together with NTT Data Payment Services on digital solutions for the small and medium enterprise (SME) market, it said.
“U Mobile is looking forward to accelerating enterprise digitalisation,” said Neil Tomkinson, the chief information officer of U Mobile. “This agreement with NTT Data Payment Services paves the way for us to fully leverage our strengths to realise these ambitions, especially for the SME sector.”
The transaction details were not disclosed.
NTT Data Payment Services was formerly known as GHL Systems Bhd before the payment solutions firm was taken over by NTT Data Japan and delisted from Bursa Malaysia in August 2024.
“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,” said NTT Data Payment Services group chief executive officer Sean Hesh.