Tech Mahindra is trading higher by 1.4% at Rs 2,035 after the company said it has entered into a global services alliance agreement with HPS, a Morocco-based provider of solutions to the cards and payments industry.
Tech Mahindra and HPS, today, 11 June 2014, announced that they have entered into a global services alliance agreement. The companies however, not disclosed the financial details of the transaction.
“The alliance will enable Tech Mahindra’s financial institutions and payment processing customers of all sizes to improve their cards and payments businesses by replacing legacy hardware and software with a single, flexible and cost processing effective platform,” Tech Mahindra said in a press statement.
HPS is a market leading provider of mission-critical solutions to the cards and payments industry. HPS' flagship PowerCARD payments technology will now be available to Tech Mahindra's customers worldwide.
The stock opened at Rs 2,015 and touched a record high of Rs 2,048 on the NSE. Earlier, shares in the country’s fifth-largest IT services company touched a lifetime high on January 18, 2007.
Tech Mahindra and HPS, today, 11 June 2014, announced that they have entered into a global services alliance agreement. The companies however, not disclosed the financial details of the transaction.
“The alliance will enable Tech Mahindra’s financial institutions and payment processing customers of all sizes to improve their cards and payments businesses by replacing legacy hardware and software with a single, flexible and cost processing effective platform,” Tech Mahindra said in a press statement.
HPS is a market leading provider of mission-critical solutions to the cards and payments industry. HPS' flagship PowerCARD payments technology will now be available to Tech Mahindra's customers worldwide.
The stock opened at Rs 2,015 and touched a record high of Rs 2,048 on the NSE. Earlier, shares in the country’s fifth-largest IT services company touched a lifetime high on January 18, 2007.
