NCR Voyix reportedly considering selling digital banking arm

Payment processing company NCR Voyix is ​​considering selling its digital banking division, sources report.

As reported on Friday (5 July) by Reuters, citing sources familiar with the matter, the sale could generate as much as $3 billion.

Sources say two buyout firms — TPG and Warburg Pincus — have expressed interest in the company, which generates about a fifth of NCR Voyix’s annual revenue.

PYMNTS reached out to NCR Voyix for comment but has not yet received a response.

NCR Voyix was once part of NCR Corp, but that company split last year: Voyix is ​​focused on digital commerce, while NCR Atleos focuses on ATMs.

According to Reuters, NCR Voyix has lost about 20% of its value since it began operating as a standalone company in 2023 and now has a market capitalization of about $4.6 billion, including debt.

Sources told Reuters that NCR Corp had been considering selling its digital banking unit before the separation, but shelved the idea after failing to reach a price agreement with buyers. Selling the banking business would help Voyix reduce its $2.4 billion debt. The company is on track to earn $220 million this year, the sources said.

PYMNTS CEO Karen Webster spoke with Brendan Tansill, president of digital banking at NCR Voyix, last month about his approach to the sector.

“Our software development kits integrate data that maximizes the capabilities of our platform and integrates partner capabilities as tightly as possible,” embedded in NCR’s broader banking offering, Tansill said. “We spent a lot of time developing the market and a lot of time talking about the concept of extensibility… We want to be a company that’s easy to do business with.”

He compared the digital banking ecosystem to Apple’s, where watches connect to MacBooks and iPhones and apps are used across all of those devices.

“We have an ecosystem of products, and unlocking value involves delivering additional capabilities and functionality that are only available when those products are used together,” Tansill said.

He added that this ecosystem is built on the foundation of driving deposit growth, and these basic accounts are a springboard to attracting consumers to additional accounts.

For example, NCR Voyix has developed a simplified, unified, digital account opening experience through NCR Terafina that financial institutions can use to increase sales conversions and cross-sell other offerings.