Tech Mahindra signs agreement with FIS, to acquire captive unit in Asia SECTIONS Last Updated: Jan 12, 2021, 07:14 PM IST Share Synopsis As part of the agreement, Tech Mahindra will buy FIS subsidiary Payments Technology Services for $9 million. Getty Images Tech Mahindra today announced a professional services agreement with FIS to scale its enterprise payments and banking capabilities. The company will acquire Payments Technology Services, a subsidiary of FIS, for $9 million as part of the agreement. Based in Asia, Payments Technology Services is a payments solutions provider focused on the banking and financial services industries. Liking this story? SUBSCRIBE We'll soon meet in your inbox.