Network People Services Technologies (NPST) has secured orders from three cooperative banks for its Bank-in-a-Box platform, unlocking recurring, multi-year revenue per bank. Under the mandate, one bank will deploy NPST's acquiring switch alongside Qynx; the other two will deploy Qynx only. Qynx is NPST's flagship offline acquiring platform. It handles the full stack of offline merchant payment acceptance, from QR and Soundbox processing to device shipment, logistics, monitoring, and field support, giving banks the operational infrastructure to run offline merchant acquiring without building it themselves. These strategic wins are expected to strengthen the company’s long-term recurring revenue pipeline and support sustained growth.
Network People Services Technologies is a banking technology service provider (TSP) and is engaged in providing software and mobility solutions to banking and finance sector primarily focusing on mobile banking applications, digital transaction solutions such as IMPS, UPI, digital wallet, etc. and smart transaction solutions.
