U Mobile, a Malaysian telecommunications company, has made a strategic move to focus on developing 5G-powered digital services for enterprises, particularly small and medium-sized enterprises (SMEs). The company has announced that it is selling its merchant acquiring business, GoBiz, to NTT Data Cardpay, a subsidiary of NTT Data Payment Services. The deal, which has not disclosed any financial details, aims to strengthen U Mobile’s resources to drive 5th Generation (5G) enterprise adoption. By parting ways with GoBiz, U Mobile can now concentrate on creating innovative digital services that cater to the evolving needs of SMEs, leveraging advancements in 5G, artificial intelligence (AI), autonomous technology, the Internet of Things (IoT), and payment technologies. As part of the agreement, NTT Data Cardpay has pledged to maintain the same level of service, support, and user experience for merchants and their customers. This provision also includes the possibility of collaboration between the two companies to enhance digital solutions for the SME market. The partnership between U Mobile and NTT Data Cardpay is designed to help businesses adapt to the ever-changing digital landscape. By combining U Mobile’s expertise in 5G and 5G-A technology with NTT Data Cardpay’s expertise in payment solutions, the companies aim to provide seamless, digital payment solutions that enhance efficiency and growth. “U Mobile is eager to accelerate enterprise digitalisation with AI, autonomous technology, IoT, and more – and this agreement with NTT Data Payment Services allows us to fully leverage our strengths to achieve these ambitions, especially for the SME sector,” said Neil Tomkinson, U Mobile’s Chief Information Officer (CIO). “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. Key Benefits of the Deal
The deal has several key benefits for both parties involved. •
- Strengthened resources: U Mobile will focus on developing 5G-powered digital services for enterprises, particularly SMEs.
- Enhanced digital solutions: The partnership will enable businesses to adapt to the evolving digital landscape by leveraging advancements in 5G, AI, and payment technologies.
- Seamless payment solutions: U Mobile and NTT Data Cardpay will provide businesses with seamless, digital payment solutions that enhance efficiency and growth.
Table: Key Features of the Deal
| Feature | Description |
| — | — |
| Merchant Acquiring Business | U Mobile’s GoBiz has been sold to NTT Data Cardpay. |
| Service Level | NTT Data Cardpay will maintain the same level of service, support, and user experience for merchants and their customers. |
| Collaboration | U Mobile and NTT Data Cardpay will explore potential opportunities to collaborate on enhancing digital solutions for the SME market. |
U Mobile’s Commitment to SMEs
U Mobile has a strong commitment to supporting SMEs in the digital age. The company recognizes the importance of SMEs in driving economic growth and innovation, and is dedicated to providing them with the resources and tools they need to succeed. By focusing on 5G-powered digital services for SMEs, U Mobile aims to help businesses adapt to the evolving digital landscape and stay ahead of the competition. The company’s expertise in 5G and 5G-A technology, combined with its commitment to innovation and customer satisfaction, make it an ideal partner for SMEs looking to digitalise their operations. Conclusion
The partnership between U Mobile and NTT Data Cardpay marks a significant milestone in the development of 5G enterprise adoption in Malaysia. By combining their expertise in 5G, AI, and payment technologies, the companies aim to provide seamless, digital payment solutions that enhance efficiency and growth for SMEs. As the digital landscape continues to evolve, it will be exciting to see how U Mobile and NTT Data Cardpay work together to support SMEs in their journey to digitalisation.
