Persistent Systems Earns Leader Status in Everest Group’s Payments IT Services PEAK Matrix Assessment 2023

Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, has achieved the prestigious recognition of being named a Leader in the 2023 Everest Group’s Payments IT Services PEAK Matrix Assessment.
Persistent position in Everest Group's Payments IT Services PEAK Matrix Assessment 2023
This acknowledgment underscores Persistent’s exceptional expertise in the payments sector, providing businesses with cutting-edge solutions to modernize their infrastructure and enhance their payment processes.

Leveraging Decades of Payments Expertise

Persistent Systems has harnessed over two decades of profound domain knowledge in the payments industry to support its clients’ transformation initiatives. Through investments in tailored solutions, innovative frameworks, and accelerators, the company has empowered organizations to revamp their payment systems swiftly, flexibly, and securely.

A Thorough Evaluation Process

In its inaugural edition of the Payments IT Services PEAK Matrix Assessment, Everest Group conducted a comprehensive evaluation of 30 leading payments IT service providers, considering their capabilities and market impact. This report offers an impartial, data-driven appraisal of service providers, assessing their overarching vision, capabilities, and market influence across various global services markets.

Key Recognitions for Persistent Systems

Persistent Systems has garnered acclaim in several key areas, including:

Impressive Revenue Growth: The company’s revenue growth stands out, propelled by business-contextualized intellectual property (IP). Notable offerings include a smart contract engine, an intelligent interface for fraud prevention, and API integrations for tokenization and encryption.

Diverse Portfolio: Persistent Systems boasts a robust portfolio, known for superior product delivery. This is bolstered by a suite of partnerships with prominent technology providers, hyperscalers, and FinTech companies.

Recognized Domain Expertise: Clients have acknowledged Persistent’s deep domain expertise across platform services, application development, and servicing product companies.

Enhanced Ecosystem Capabilities: Persistent has made strategic investments aligned with the payments ecosystem, focusing on specific domains.

Commitment to Frictionless Payment Experiences

Jaideep Dhok, SVP & General Manager, Banking, Financial Services & Insurance at Persistent, emphasized the company’s dedication to delivering seamless payment experiences. He stated, “Our strategic investments in the payments domain expertise, supported by a strong engineering mindset, proprietary accelerators, and curated partner ecosystem, allow us to deliver frictionless payment experiences for our clients and their end customers.”

A Testament to Industry Context and Expertise

Aaditya Jain, Vice President at Everest Group, praised Persistent Systems for its focused messaging tailored to the industry context. The company’s strong recognition by clients for its domain expertise and application development played a pivotal role in securing the Leader status in Everest Group’s Payments IT Services PEAK Matrix Assessment 2023.

Persistent Systems’ exceptional achievements underscore its pivotal role in advancing the payments industry and its commitment to delivering innovative, secure, and efficient payment solutions for clients worldwide.

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