NPST Wins Three Cooperative Bank Orders with Bank-in-a-Box Platform
Network People Services Technologies Limited (NPST), a payments technology company, has secured significant orders from three cooperative banks for its specialized Bank-in-a-Box platform. These strategic agreements are expected to unlock substantial, multi-year recurring revenue per bank, strengthening the company's long-term revenue pipeline.The platform win addresses the connectivity needs of the cooperative banking sector. Under the new mandates, one bank will deploy NPST's acquiring switch alongside Qynx, while the remaining two banks will utilize Qynx. Qynx is NPST's flagship offline acquiring platform, providing the full operational stack required for offline merchant payment acceptance. This stack manages processes from QR and Soundbox processing to device shipment, logistics, monitoring, and field support, enabling banks to run offline merchant acquiring without needing to build the infrastructure themselves.
NPST's Bank-in-a-Box is defined as a full-stack banking and payments platform delivered via a SaaS subscription model. It provides operational support for UPI, IMPS, and Banking Connect (IBMB) processing, alongside capability for online and offline merchant acceptance, AI-driven fraud monitoring, and a comprehensive omnichannel SuperApp offering over 400 banking services. This model allows cooperative banks to deploy enterprise-grade services in weeks without incurring the massive capital outlay associated with building such systems in-house.
Deepak Chand Thakur, Co-Founder and CEO of NPST, commented on the significance of these wins, noting that "India's cooperative banking sector serves millions of customers, yet most lack access to modern digital banking and payments infrastructure as the economics of building it never worked in their favour." He added that the SaaS distribution model of Bank-in-a-Box enables the deployment of these services and the unlocking of new revenue streams for co-operative banks.
Established in 2013, NPST is an India-based payments technology company. It operates across various capacities, serving banks, fintechs, and financial institutions across the payments value chain. The company functions as a Technology Service Provider (TSP), a Payment Platform-as-a-Service (PaaS) provider, and an AI-Powered RegTech solution.
NPST Stock Price Movement
Today, Network People Services Technologies Limited shares slipped by 3.73% to settle at ₹1040.1. The stock finished the session on a volume of 58,075 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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