Coforge gains on partnering with Transcard
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Coforge is currently trading at Rs. 4318.40, up by 11.30 points or 0.26% from its previous closing of Rs. 4307.10 on the BSE.
The scrip opened at Rs. 4322.60 and has touched a high and low of Rs. 4341.00 and Rs. 4260.10 respectively. So far 2760 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4870.00 on 09-Mar-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4512.70 and Rs. 4256.30 respectively. The current market cap of the company is Rs. 26254.92 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 48.04% and 11.97% respectively.
Coforge has partnered with Transcard, a global leader in payments and data technology. As a Transcard value-added reseller, Coforge will leverage Transcard’s suite of embedded payments solutions. Coforge and Transcard will address the payment challenges faced by insurers and other organizations, driving impact for clients by providing an all-in-one solution for disbursing and collecting payments of any type.
The future of payments is digital. After years of slow adoption, the volume of electronic B2B payments has grown as insurers and other organizations adapt their operations to remote working and seek ways to streamline operations and deliver an enhanced customer experience. It is critical that insurers have a modern payments platform built for today’s B2B payments environment.
Transcard offers SMART Suite, a cloud native platform that supports any digital payment method for any business application, integrates seamlessly into any legacy accounting software, enterprise resource planning (ERP) application or system or record, and connects with any client bank account, eliminating the need to set up or pre-fund a new bank account to disburse electronic payments.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
