LTIMindtree recognized as Leader in Everest Group Payments IT Services PEAK Matrix® Assessment 2023

With the payments landscape changing rapidly, consumers today have more options to make payments than ever before, primarily because of the unprecedented rise of FinTechs, PayTechs, and NeoBanks bringing in faster, innovative, and convenient ways to transact such as Buy Now Pay Later (BNPL), digital wallets, Request-to-Pay (R2P), embedded payments, and digital currencies. The acceleration in digital payments and the demand for seamless instant payments by consumers is giving rise to the adoption of real-time payments systems. New regulations and standards such as ISO 20022 are paving the way for faster and more efficient payments. These new data standards are opening multiple data monetization opportunities.

LTIMindtree has been positioned as Leader in Everest Group Payments IT Services PEAK Matrix® Assessment 2023. We have been recognized for our proprietary payment solutions for real-time payments, SWIFT MT to MX translation, and CBDCs that 3have helped address client pain points and drive engagements.

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“Investments in partnerships and setting up dedicated managed services practice have helped LTIMindtree gain momentum in the payments IT services space. Focused GTM strategies and development of proprietary payment solutions have bolstered growth,” said Aaditya Jain, Vice President, Everest Group. “Client appreciation on account management capabilities and proactive addressal of feedback have helped LTIMindtree earn recognition as a Leader recognition on Everest Group’s Payments IT Services PEAK Matrix Assessment 2023.”