In this study, 32 leading payments IT services providers were assessed based on their vision, capabilities, and market impact and HCLTech has been positioned as a leader.

“HCLTech has strengthened its position in payments IT services through its engineering-led approach to payments transformation, supported by investments in dedicated payments innovation labs, AI capabilities, and an expanding FinTech partnership ecosystem,” said Pranati Dave, Vice President, Everest Group. “Clients value its commercial flexibility, collaborative engagement model, and ability to scale delivery across regions for large payments modernization programs. These capabilities have contributed to HCLTech’s recognition as a Leader in Everest Group’s Payments IT Services PEAK Matrix® Assessment 2025.”

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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.