Calcutta, Aug. 30: FIS, the global banking and payment technology solution provider, expects Asia Pacific to be its key growth driver in the coming years.

"Asia Pacific has been the fastest growing region for FIS (more than 10 per cent) in the last five years. Within Asia Pacific, India is the key growth driver. We expect the growth momentum to continue in the coming years," said Gary Norcross, president and chief executive officer of FIS.

The Jacksonville, Florida-based company, which has developed the payments technology solution for Bandhan Bank, had recorded a revenue of $6.4 billion in 2014. Incidentally, even though FIS is present in over 100 countries, only 20 per cent of the company's business is outside the US.

Norcross said the decision to acquire another US financial solution provider Sungard, which also has operations in India, would expand the scope of business.

Sungard has expertise in wealth management, capital market and insurance sector, which FIS can leverage after the acquisition.

"These are also some of the emerging areas in India," he said. Subject to regulatory approvals, the acquisition (enterprise value $9.1 billion) is expected to be completed by the fourth quarter of 2015.

Besides India, Thailand, the Philippines and Australia are the key markets of FIS.

Norcross said the New York Stock Exchange-listed company was also expanding in Vietnam.

With the US market already matured in the financial technology solutions space, the non-US markets in the Asia Pacific offers scope for FIS to grow organically, he said.