Indian IT major Tech Mahindra has announced its participation in the J.P. Morgan Payments System Integrator Program, which focuses on enhancing payment systems.
The programme aims to assist clients in developing “comprehensive” payment strategies by integrating J.P. Morgan Payments solutions with the expertise of professional service partners.
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This initiative is part of the J.P. Morgan Payments Partner Network, which includes over 80 third-party relationships to address various customer needs for payment solutions.
In this role, Tech Mahindra will contribute to the global deployment of J.P. Morgan Payments’ solutions, utilising its capabilities and presence across different industries and regions.
J.P. Morgan Payments offers a combination of treasury services, trade and working capital, and card and merchant services, facilitating payments in multiple currencies worldwide.
The firm processes over $10tn in payments daily, operating in more than 160 countries and dealing with over 120 currencies.
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By GlobalDataBy joining the programme, Tech Mahindra will apply its expertise in real-time payments, data reconciliation, and enterprise resource planning (ERP) implementations for clients globally.
With experience in over 1,800 SAP implementations, Tech Mahindra’s capabilities in enterprise transformation, alongside J.P. Morgan Payments’ infrastructure, are expected to assist organisations in improving their financial operations.
The collaboration aims to provide businesses with near real-time tracking, enhanced reporting, and improved functionality for business dashboards, utilising advancements in SAP’s Generative AI and Build Process Automation.
J.P. Morgan Payments Enterprise Application Solutions global head Sam Yen stated: ”This collaboration will allow us to offer clients the stability and resiliency of J.P. Morgan Payments combined with Tech Mahindra’s technology expertise to help them build future-ready experiences that accelerate their business growth.”
Last month, Conferma integrated J.P. Morgan Payments’ virtual card solutions into its European services.
