Tech Mahindra to acquire Payments Technology Services for about ₹66 crore
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PTI from livemint said that The acquisition will give Tech Mahindra access to IPs and licenses for two products – Open Payment Framework (OPF) and Multi-Bank System (MBS), a regulatory filing said
NEW DELHI : IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for $9 million (about ₹66 crore).
The acquisition will give Tech Mahindra access to IPs and licenses for two products – Open Payment Framework (OPF) and Multi-Bank System (MBS), a regulatory filing said.
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