NPST Secures UPI Switch Mandate from Large Cooperative Bank Under Bank-in-a-Box Platform
Mumbai, March 16, 2026 — Network People Services Technologies Limited (NPST), a leading digital banking and payments technology company, announced it has secured a strategic mandate from a large cooperative bank to deploy its UPI Switch infrastructure.The engagement marks NPST’s first order under its Bank-in-a-Box offering, utilizing a plug-and-play model that enables banks to rapidly deploy scalable, enterprise-grade payment infrastructure. This model allows NPST to generate recurring, multi-year, SaaS-based revenue.
Through this deployment, the bank will be able to enter the UPI merchant acquiring ecosystem, expand digital payment acceptance, and strengthen digital engagement with its member communities.
"Cooperative banks are a critical pillar of India's community banking ecosystem," said Deepak Chand Thakur, Co-Founder and CEO, NPST. "NPST's Bank-in-a-Box platform removes the technology barriers that have historically limited their participation."
NPST Bank-in-a-Box, launched last year, is a ready-to-deploy digital banking platform designed to accelerate digital transformation for small, mid-sized, and cooperative banks. The platform combines digital payments processing with merchant acquiring across offline and online channels, along with AI-powered fraud monitoring capabilities. It also includes an omnichannel Banking SuperApp offering 400+ services.
Incorporated in 2013 and listed on the NSE and BSE, NPST specializes in UPI payments and digital banking, operating as a Technology Service Provider and a Payment Platform as a Service Provider. The company supports over 100 customers and processes more than 50 million transactions daily.
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