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Dhiraj Lokhande

Advisor and Architect, Technology and Transformation Advisory, BFSI, TCS

Transitioning to next-gen payment capabilities

With evolving customer demands and regulatory environment, payment infrastructure needs to be augmented with next-gen capabilities to enhance real-time payments, adopt contactless payments, and ensure the availability of a robust payment ecosystem.

Banks and financial institutions must rejig the payment test function across various elements to transition to next-gen payment capabilities.

Some crucial aspects to be kept in mind while defining and executing the test strategy include:

  • Test transformation readiness: Set imperatives, priorities, and structures
  • Comprehensive impact view: Review target payment platform requirements with comprehensive impact and gap analysis
  • Fit-for-purpose test strategy: Define a complete strategy for testing that spans ecosystem and platform change while factoring in risk assurance
  • Test environment and data synchronization: Ensure alignment between test data and test environment
  • Real-time processing: Define a testing plan for real-time payment processing


About the author

Dhiraj Lokhande
Dhiraj Lokhande is an advisor and architect in the Technology and Transformation Advisory function of the Banking, Financial Services, and Insurance (BFSI) business unit at TCS.
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