Cards & Payments

Deliver growth and manage costs by creating the banking experience of the future

Recent changes in banking have made Cards and Payments amongst the most complex segments in the banking landscape. With increased competition, the key to long term profitability is in acquiring new card holders, increasing usage of current card holders and reducing fraud. On the payments side, new platforms that provide an enterprise-wide view and deliver services driven by cross-border transactions, a heightened regulatory environment and changing customer needs, are enabling growth.

Adding to the complexity are new, non traditional players, alternative payment instruments, contactless payments, shifting consumer trends in payment preferences, the single Euro initiative and growing privacy and security issues. For Issuers and Acquirers, competitive intensity has grown several folds adding to the pressure in strategic decision making.

To meet the challenges, banks across the world are beefing up their services. Integrated banking, superior business intelligence and platforms that add value across the payment chain are creating new solutions. A shift in focus from high value to low value payments, from credit to debit cards and the need for deeper personalization of products and services is having an extraordinary impact. Wipro has been working with global financial leaders to consistently deliver banking services aimed at growing customers, meeting changing needs of corporate banking, and increasing efficiencies through self service and cost management technologies.

Wipro’s expertise in banking has been shaped through partnerships with leading global Issuers, Acquirers and carrier networks. Its competency has been the result of acquiring, supporting and servicing millions of customers across the globe through its process consulting, integrated IT and BPO services. It has a deep understanding of SEPA and PSD, regional standards and next generation payment systems based on SOA principles. Wipro has consistently created and redefined the banking experience of the future.