New Delhi, Aug. 2 -- Financial services firm NTT Data Payment Services India plans to expand into commercial consumer-facing businesses, including merchant solutions, direct onboarding, cross-border payments, and, eventually, small-business lending.

The subsidiary of Japanese infrastructure major NTT Data entered the Indian market in 2019 through the acquisition of Atom Technologies and has since largely worked with the National Payments Corporation of India (NPCI) and other clients on back-end payments infrastructure.

Over the next three years, the company plans a two-pronged strategy: expand its payments business in India and enter new segments such as merchant financing and cross-border payments. It also plans to broaden its offering...