U Mobile has announced the transfer of its GoBiz merchant acquiring business to NTT DATA Cardpay, a subsidiary of NTT DATA Payment Services Sdn. Bhd. This move comes on the heels of U Mobile’s intensified focus on developing and delivering advanced 5G and 5G-Advanced (5G-A) solutions as part of Malaysia’s second 5G network.
GoBiz was U Mobile’s platform that empowered businesses, particularly merchants, to efficiently accept a wide range of digital payments from their customers. It formed a component of U Mobile’s broader suite of services aimed at supporting business operations. However, U Mobile’s crucial role in the nationwide 5G rollout has presented a compelling opportunity to prioritise and invest heavily in leveraging 5G technology to drive significant digital transformation across various enterprise sectors.
This transfer of the GoBiz merchant acquiring business to NTT DATA Cardpay enables U Mobile to concentrate its resources and technical expertise on the development and deployment of innovative 5G-based solutions tailored for enterprise clients. U Mobile envisions 5G as a key enabler for widespread enterprise digitalisation, facilitating the adoption of transformative technologies such as Artificial Intelligence (AI), Autonomous Technology, and the Internet of Things (IoT), ultimately contributing to Malaysia’s ambition of becoming a digitally advanced, high-income nation. This strategic shift directly aligns with U Mobile’s broader 5G initiatives and underscores its commitment to driving 5G adoption in the enterprise space.
NTT DATA Payment Services is committed to ensuring a seamless and transparent transition for existing GoBiz merchants. The company has pledged to maintain the same level of service excellence, comprehensive support, and user-friendly experience that merchants and their customers have come to rely on, minimising any potential disruptions during the transition process.
In addition, U Mobile and NTT DATA Payment Services are actively exploring potential avenues for collaboration to create enhanced digital solutions specifically designed to empower small and medium-sized businesses (SMEs). By effectively combining U Mobile’s cutting-edge 5G infrastructure and technological capabilities with NTT DATA Payment Services’ established expertise in payment solutions and fintech innovation, the partnership aims to equip SMEs with the essential tools and resources they need to effectively navigate the dynamic landscape of digital commerce and achieve sustainable growth in the digital economy.
