What began two years ago as a technology delivery arrangement has grown into a considerably larger strategic engineering collaboration — one designed to power the next phase of innovation for one of the growing players in the U.S. payments technology industry.

Nexio, a U.S.-based payments technology company, and Innovecture LLC, a U.S.-based technology and engineering services firm with a global footprint, have announced the expansion of their partnership through a Global Engineering Center (GEC) in Pune, India. The expanded center will operate as an extension of Nexio's U.S.-based technology organization, bringing together engineering talent, payments expertise, and emerging technologies to support Nexio's global platform and operations.

The announcement formalizes an engagement that has steadily broadened since the companies first began working together, converting what had been a delivery relationship into a fully integrated engineering partnership.

From Delivery Center to Strategic Engineering Hub

The relationship began in 2024, when Nexio started working with Innovecture's established India Development Center in Pune to support its research, technology, and IT engineering needs. Pune, one of India's major technology hubs and a base for engineering operations of numerous multinational companies, has become a common location for this kind of embedded engagement. Over the following two years, the engagement grew well beyond traditional offshore delivery: the Pune team became an integral part of Nexio's ecosystem, supporting business operations, software engineering, quality assurance, application support, IT operations, and other critical functions.

That evolution has now produced the GEC model, giving Nexio a scalable engineering organization in India that operates as an extension of its global team. The center enables teams across geographies to collaborate continuously while accelerating development, modernization, and operational initiatives.

Engineering for the Next Generation of Payments

The expanded partnership pairs two complementary strengths. Nexio contributes deep expertise in payments, processing, and financial technology platforms, while Innovecture brings nearly two decades of experience in software engineering, architecture, payment technology, AI, digital transformation, and global technology delivery. Together, the companies will expand capabilities across artificial intelligence, digital transformation, platform modernization, automation, application development, quality engineering, and technology support. The collaboration is also expected to establish a foundation for integrating AI into engineering, automation, and technology operations, helping Nexio modernize its technology landscape while continuing to its payments platform.

The integrated structure reflects how engineering works in practice in this sector: payments platforms process transactions continuously, so development, testing, and support activity runs alongside live operations — one reason the companies point to coverage across time zones as part of the new arrangement.

A Partnership Built on Proven Results

For Nexio, establishing a GEC is a natural next step after two years of close collaboration with Innovecture. Roy Banks, CEO of Nexio, said: “Payments is no longer a back-office function; it's where a business either scales or stalls. Over the past two years, our team in Pune, India, has become an integral part of our roadmap, giving us the confidence to expand that presence into a Global Engineering Center.”

For Innovecture, the partnership represents the evolution of its Global Agile Delivery Model, moving from traditional technology delivery toward deeply integrated, long-term engineering partnerships. Shreyas Kamat, Founder & CEO of Innovecture, said: “The strategic fit between our organizations has always been clear. Nexio has brought deep command of global payments; we have brought engineering, architecture, payment technology and AI capability built over nearly two decades of solving complex problems for enterprise clients across geographies. This expanded partnership allows us to bring those strengths together properly – building payments infrastructure that is intelligent by design and supported across time zones.”

Beyond the Traditional Offshore Model

The Nexio–Innovecture collaboration reflects a broader transformation taking place across global technology organizations. India is increasingly more than a destination for cost-efficient technology delivery: global enterprises are establishing strategic engineering capabilities in the country to access specialized talent, accelerate innovation, strengthen technology operations, and build around-the-clock development models. Centers of this type — often described as global capability centers — have become a standard part of how multinational technology and financial firms structure engineering work in India.

The Nexio and Innovecture partnership is designed around precisely that model. Rather than operating as a separate delivery function, the Pune GEC will work as an integrated extension of Nexio's global organization, with shared engineering objectives, technology priorities, and delivery accountability. The companies have not disclosed specifics such as hiring plans, headcount targets, or timelines for the expanded center — the kinds of details that will signal the pace of the build-out beyond the two-year engagement it formalizes.