Wipro Recognized as a Leader in Everest Group’s Payments IT Services PEAK Matrix® Assessment 2025

Wipro has been positioned as a Leader on Everest Group’s Payments IT Services PEAK Matrix® Assessment 2025, which evaluates 32 global IT service providers on their ability to modernize payments technology across financial institutions, payment service providers, processors, and national infrastructures. This recognition underscores Wipro’s consultingled model, ISO 20022 modernization credentials, real-time payments capability across different regions, and execution maturity across large, multiregion transformation programs. 

Scope of the Assessment

Geography: Global coverage across North America, Europe, APAC, MEA, and LATAM
Segments: Financial Institutions, banks, payment service providers, national payment infrastructure providers, and FinTechs
Products: ISO20022, Real-time payments, Tokenized Payments, Stablecoins, CBDC, Digital Wallets (A2A payments), Request To Pay, cross-border payments, compliance and AI
Processes: Digital experience, risk & compliance, Data & Analytics (D&A) and AI, process optimization (starting from initiation over validations, disposition, settlement and booking), legacy and cloud migration, application services, and infrastructure services supporting payments modernization
Assessment Window: Trailing 12month revenue and deal activity through December 2024
Evaluation Lens: Market impact and vision/capability across adoption, portfolio mix, value delivered, innovation, scope, and delivery footprint

“Wipro has strengthened its position in payments IT services by delivering large, consulting-led transformation programs across payments modernization and ISO 20022 initiatives,” said Pranati Dave, Vice President, Everest Group. “Enterprises value its ability to combine deep payments domain expertise with strong execution, supported by accelerators, testing toolkits, and its Payments Academy. Wipro has also made targeted investments in AI for payments, including use cases across fraud monitoring, exception handling, and reconciliation. Its integrated Capco-Wipro model supports end-to-end transformation programs, contributing to its recognition as a Leader in the Everest Group’s Payments IT Services PEAK Matrix® Assessment 2025.”

Wipro’s Strengths and Differentiators

Key strengths include:

Consultingled model combining Capco’s advisory depth with engineering delivery to secure endtoend transformation deals
ISO 20022 accelerators and toolkits enabling enriched data and monetization beyond baseline compliance
Payments test Automation accelerator and toolkit helping financial institutions to automate E2E test processes, reduce test efforts and reduce operational risk post deployment
Payments transformation accelerators and toolkits to accelerate delivery and reduce risk
Agentic AI framework, a transformative solution, that is designed to detect and mitigate payment fraud in real time
Demonstrated pilots in digital assets (stablecoins, tokenized deposits) and blockchainbased settlement frameworks
Strong program governance and domain expertise appreciated by clients in largescale initiatives

Gain deeper insights into Wipro’s positioning and capabilities in the full Everest Group report.

Download the Report

Disclaimer 

Licensed extracts taken from Everest Group’s PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis.  All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking.  To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports. 

About Everest Group

Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.