Tech Mahindra, an IT subsidiary of Indian conglomerate Mahindra Group, has entered into a global services alliance agreement with HPS to provide its customers with HPS’ PowerCARD payments technology.
Through this collaboration, Tech Mahindra’s financial institutions and payment processing customers can improve their cards and payments businesses, leveraging a single cost processing effective platform.
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Tech Mahindra Banking, Payments and Cards global head Niraj Vedwa said the company’s mission is to deliver highest quality products, solutions and services to its existing and future customers that add value to the businesses and customers.
"HPS is undoubtedly the leader in payments software and this strategic partnership is extremely important for our market strategy and value proposition as it allows us to introduce a world-class payments processing platform to our customer base around the world," added Vedwa.
PowerCARD offers a suite of electronic payment solutions covering the entire value chain of issuing, acquiring and switching in one single payments platform.
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