Apr. 23, 2012
NTT DATA Corporation
NTT DATA Corporation will take the third-party allocation of new shares issued by Allinpay Financial Services Co.,Ltd.(Chairman:Wan Jianhua; Head office:Shanghai, China; hereinafter referred to as “AFS”). AFS is offering IT service for local financial institutions in China as one of affiliates of Allinpay Network Services Co., Ltd. (hereinafter referred to as “ANS” ) which is the account settlement services provider in China. NTT DATA and AFS reached at this agreement at the end of March, 2012. After AFS will have its capital increased, NTT DATA will be one of eleven shareholders of AFS and the share of NTT DATA to AFS will account for around 12% in total.
Through this tie-up, NTT DATA aims at combining AFS’s marketing capabilities in China with NTT DATA’s expertises in Japan in terms of the system development and its operation such as the core banking services using shared data center, the payment solutions, and other solutions NTT DATA has offered so far on behalf of the financial institutions in Japan and China. This business tie-up is expected to expand and accelerate more China business, IT cloud service and business solution service, targeting at the local financial institutions in Chinese marketplace.
Background
Nowadays in China, accompanied by the internet penetration, the third party payment* market, which is the settlement offered by high credible third party tying up financial institutions, is rapidly growing so that NTT DATA estimates the growing demand in cards payment solutions and settlement processing business in the sectors of the governmental and small-to-meduim sized financial institutions. Furthermore, in line with the growing domestic demand, Chinese financial players, especially among the small-to-medium sized and local financial institutions, are expected to strengthen the related services to take off earlier so that there is the swelling demand for the shared data center service as well as IT cloud service Enhanced by this capital tie-up, NTT DATA, in cooperation with AFS, expects to meet Chinese local demand by providing and expanding its experienced and brandnew solutions dedicated to financial institutions.
Brief Profiles ; ANS and AFS
ANS has been invested by Shanghai national capital, and deploys the third party payment service network throughout China, as one of 27 companies licensed on the nation-wide basis for the third party payment service.
AFS is an affiliate of ANS and offers IT outsourcing, comprehensive bank card service, and e-finance service for financial institutions.
Overview of AFS
- (1)Trading name: Allinpay Financial Services Co.,Ltd.
- (2)Head Office: Room 508 No. 619 Wusong Rd. Hongkou District, Shanghai, China
- (3)Establishment Date: February 11th, 2010
- (4)Capital: RMB 192,500,000(effective as of the November, 2011)
- (5)Representative: Chairman: Wan Jianhua
- (6)No. of Employees:78(effective as of the end of March, 2012)
- (7)Business: financial IT outsourcing, comprehensive bank card service, e-finance service
- *The “third party payment” means that the non-financial entities as agents intermediate the fund transfer in the settlement, in part or all of, between the payer and payee.
For more information, please contact:
For media inquiries:
TAKANORI IWAUCHI
Public Relations Department
NTT DATA Corporation
Tel: +81-3-5546-8051
For other inquiries:
YOSHIAKI OBARA
Global Business Planning Office
Global Business Development Department
Public & Financial IT Services Company
NTT DATA Corporation
Tel: +81-50-5547-3029
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