Tech Mahindra enters a strategic global alliance agreement with HPS

Tech Mahindra, a leading $3.1 billon specialist provider of connected solutions to the connected world has entered into a global services alliance agreement with a HPS, the 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 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 is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.