European payment firm extends digital transformation contract with LTIMindtree

IT services firm LTIMindtree has announced the extension of its contract with European firm Nexi Group. This collaboration with LTIMindtree will help the paytech provider to elevate its technology landscape across core acquiring, issuing, and e-commerce platforms, further solidifying its position as a key player in the digital payments space.

Under this partnership, 800 skilled associates from LTIMindtree will service Nexi from nine global delivery centers, providing round-the-clock support and driving Nexi’s technological advancements. These global centers are expected to enable a localised approach in key markets while ensuring agility and operational efficiency.

LTIMindtree will provide technical and deep domain expertise along with global delivery capabilities to optimize Nexi’s core platform, ensuring enhanced performance and scalability. LTIMindtree will also manage Nexi's hybrid infrastructure, enabling seamless integration of on-premise and cloud-based solutions, the company said in a statement. 

“We are excited to embark on this transformative journey with LTIMindtree,” said Giuseppe Dallona, CIO of Nexi Group. “Their proven expertise and global reach will help us enhance the resilience and flexibility of our platforms, supporting Nexi’s mission to offer secure, innovative, and frictionless payment solutions for businesses and consumers across Europe”, he added.

In the second quarter of the current fiscal year, LTIMindtree reported a revenue of ₹9,432 crore, 5.91% higher than the previous quarter, The consolidated net profits saw 7.75% growth year on year to ₹1,251 crore.

“Q2 was a good quarter marked by broad-based sequential growth experienced across all our verticals and geos, helping us register a dollar growth of 2.8%. We had several multi-year deal closures, including a $200 million+ deal. Continued deal momentum in key verticals and significant Q2 hiring, including freshers, positions us well as we enter into the latter half of the fiscal year,” Debashis Chatterjee, Chief Executive Officer and Managing Director said in a statement.