EFunds completes acquisition of India Switch Company

Source: EFunds

EFunds Corporation (NYSE: EFD), a leading provider of risk management, electronic payments and global outsourcing solutions, today announced that it has completed the acquisition of current ATM managed services and payments processing interests of the India Switch Company from HMA Data Systems.

"The acquisition will leverage the global payments expertise eFunds has accumulated in products, platforms and service delivery to bring competitive and innovative solutions to the maturing Indian financial services industry," said Atul Kunwar, managing director, eFunds India.

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