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Tech Mahindra Enters J.P. Morgan Payments System Integrator Program

In a significant move aimed at advancing payment systems innovation, Tech Mahindra, a preeminent provider of technology consulting and digital solutions, has joined the J.P. Morgan Payments System Integrator Program. This initiative is designed to assist global enterprises in transforming their payment infrastructures, ultimately enabling businesses to offer more efficient, personalized customer experiences.

Aiming for Better Payment Solutions

The need for modern, adaptable payment systems has become ever more critical for enterprises seeking to stay competitive in a rapidly changing market. Tech Mahindra is stepping up to fulfill this need, leveraging its extensive knowledge in real-time payments, data reconciliation, and enterprise resource planning (ERP) implementations. Their expertise comes from having executed over 1,800 SAP implementations, enabling them to better serve clients across industries.

Enhancing Efficiency Through Collaboration

Roshan Shetty, Tech Mahindra's Head of BFSI Public Sector for the Americas, highlighted the increasing demand among enterprises to modernize complex payment systems tailored to individual client requirements. He stated, "This collaboration with J.P. Morgan Payments will facilitate the deployment of next-generation payment solutions at scale, driving sustainable growth amidst evolving market demands."

With this partnership, Tech Mahindra plans to support J.P. Morgan Payments in rolling out its state-of-the-art solutions globally. This includes leveraging Tech Mahindra's strong delivery capabilities across multiple industries, ensuring a smooth integration of services that aims to boost efficiency at all levels.

J.P. Morgan Payments prides itself on its comprehensive capabilities ranging from treasury services to merchant services. It manages over $10 trillion in payments daily and operates in more than 160 countries with transactions processed in over 120 currencies. This widespread network amplifies Tech Mahindra's reach, allowing for enhanced tracking and analytics tailored to global clients.

Optimizing Financial Operations

The collaboration between Tech Mahindra and J.P. Morgan Payments will focus on optimizing financial operations through technologies like SAP's Generative AI and Build Process Automation. These innovations have the potential to elevate business reporting and dashboard functionalities, ensuring clients can maintain real-time insights into their financial activities.

Comprehensive Payment Strategies

The J.P. Morgan Payments System Integrator Program is strategic in building comprehensive payment strategies. It combines J.P. Morgan's payment solutions with the expertise of professional service partners, thus offering an end-to-end payment experience. This initiative is part of the broader J.P. Morgan Payments Partner Network, which includes over 80 third-party relationships aimed at fulfilling various business requirements.

A Future-Ready Partnership

Sam Yen, the Global Head of Enterprise Application Solutions at J.P. Morgan Payments, commented on the collaboration's potential. He remarked, "By merging our stability and resilience with Tech Mahindra's technology know-how, we aim to equip our clients with future-ready solutions that catalyze business growth."

In summation, Tech Mahindra's inclusion in J.P. Morgan's program signifies a forward-looking approach to payment system innovation, and through this strategic alliance, both entities look to empower organizations globally, enabling them to navigate the complexities of the financial landscape with agility and precision.

For those interested in Tech Mahindra's offerings, they can explore more through the J.P. Morgan Payments Partner Network or visit Tech Mahindra's website for further insights into their capabilities.