- Business
- Network People Services Technologies Ltd. (NPST.NS), founded in 2013 and headquartered in Thane, Maharashtra, India, operates as a leading fintech company specializing in software and digital payment solutions for banks, payment aggregators, merchants, and financial institutions across India with emerging international presence in Africa. The company delivers a comprehensive suite of products and services including Unified Payments Interface (UPI) switches, UPI AutoPay, UPI Credit, and UPI 123 voice-based payments; Immediate Payment Service (IMPS) switches; mobile banking super apps and digital banking platforms such as Banking Connect and Bank-in-a-Box for cooperative banks; payment gateway solutions, merchant acquiring tools, QR codes, and SoundBox devices for offline payments; Payment Platform-as-a-Service (PPaaS) with AIOps for compliance, risk management, chargebacks, and reconciliation; RegTech solutions like eFRM for fraud and risk management; Central Bank Digital Currency (CBDC) switches; BBPS for digital bill payments; digital lending platforms; and transaction processing infrastructure encompassing payment orchestration, predictive intelligence, and merchant lifecycle management. NPST functions as both a Technology Service Provider (TSP) and Third-Party Aggregator Provider (TPAP), processing over 60 million transactions daily for more than 100 customers including over 20 regulated entities.
In recent developments, NPST raised ₹300 crore through a preferential allotment of shares fully subscribed by Tata Mutual Fund in December 2025 to fund product innovation, AI-driven payments intelligence, technology upgrades, and international expansion into Africa, the Middle East, and Southeast Asia while evaluating selective acquisitions. The company partnered with Cosmos Co-operative Bank in November 2025 to expand QR and SoundBox-based UPI merchant acquiring across 1,500 cooperative banks and 11,000 branches, and secured a contract in May 2025 to develop digital payment infrastructure for a financial institution in Africa marking its first major project there. Additional advancements include a November 2025 mandate from Indian Overseas Bank for voice-based UPI payments, the launch of NBBL’s interoperable Banking Connect platform in October 2025, new orders from a large PSU bank serving 3,300 branches and 4 crore customers, expansion of QR and SoundBox services to six new states, addition of 11 new payment aggregators, signing of a fourth bank for PPaaS, introduction of Bank-in-a-Box for cooperative banks, and preparations for Evok 4.0 product launch in December 2025, alongside reporting 39% year-over-year revenue growth and 40% quarter-over-quarter EBITDA growth for Q2 FY26.