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Missing: Payments Technology Services's Product & Differentiators
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Latest Payments Technology Services News
Jan 14, 2021
January 14, 2021 Tech Mahindra is planning to acquire Payments Technology Services Limited. The company is headquartered in Hong Kong and has approximately 109 employees. Payments Technology Services Limited was established in March 28, 2007 and is a payments solutions provider with a Banking and Financial Services (BFS) focus. The turnover of PTSL for the financial year ended 31st December, 2019, was USD 5.4 million. The entity is a stepdown subsidiary of Fidelity Information Services (FIS). The acquired capabilities in the payments space will give Tech Mahindra access to IPs and licenses for 2 products, which is consistent with its strategy of pivoting the business towards product and platform implementations and participating in the banking transformation programs. This acquisition will open up other opportunities for Tech Mahindra as a larger partner with FIS across a number of areas. The cost of acquisition is USD 9 million and the transaction is expected to close by 31st March, 2021. Arya
Payments Technology Services Frequently Asked Questions (FAQ)
When was Payments Technology Services founded?
Payments Technology Services was founded in 2007.
What is Payments Technology Services's latest funding round?
Payments Technology Services's latest funding round is Acquired.
Who are the investors of Payments Technology Services?
Investors of Payments Technology Services include Tech Mahindra.
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