NPST Secures Three Cooperative Bank Orders for Bank-in-a-Box Platform
Network People Services Technologies Limited (NPST) has won three orders from cooperative banks for its Bank-in-a-Box platform. This will generate recurring, multi-year revenue. The platform includes acquiring switch and Qynx for offline merchant payment acceptance. This move aims to strengthen the company's recurring revenue pipeline and support growth.
The announcement involves securing new orders from three cooperative banks, which are expected to contribute to recurring revenue. While positive, the exact financial impact is not quantified, suggesting a medium-term impact.
The company has secured new orders, which are expected to generate recurring revenue and strengthen its growth pipeline. This is a positive development for the company.
Network People Services Technologies Limited (NPST) has announced securing orders from three cooperative banks for its Bank-in-a-Box platform. This strategic move is expected to generate recurring, multi-year revenue per bank. Under the new mandates, one bank will integrate NPST's acquiring switch with Qynx, while the other two will deploy Qynx exclusively. Qynx, NPST's flagship offline acquiring platform, manages the complete lifecycle of offline merchant payment acceptance, including QR and Soundbox processing, device logistics, monitoring, and field support.
This development is anticipated to bolster the company's long-term recurring revenue stream and foster sustained growth. Deepak Chand Thakur, Co-Founder and CEO of NPST, highlighted that the cooperative banking sector, serving millions, often lacks modern digital infrastructure due to unfavorable economics. NPST's Bank-in-a-Box, a SaaS-based distribution model, empowers cooperative banks with an enterprise-grade platform, enabling rapid deployment of services and new revenue generation.
NPST's Bank-in-a-Box is a comprehensive SaaS subscription offering that encompasses UPI, IMPS, and IBMB processing, alongside online and offline merchant acceptance. It also includes AI-driven fraud monitoring and an omnichannel SuperApp with over 400 banking services, eliminating the need for in-house capital expenditure. NPST, founded in 2013, is an India-based payments technology company listed on NSE and BSE, operating as a Technology Service Provider (TSP), Payment Platform-as-a-Service (PaaS) provider, and offering AI-Powered RegTech solutions.
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Network People Services Technologies Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Network People Services Technologies Limited. Read the original for the full detail.