Network People Services Technologies Ltd.

Network People Services Technologies has informed that Network People Services Technologies (NPST) has entered into a partnership with Cosmos Co-operative Bank to expand digital payment acceptance infrastructure for co-operative banks across India. As part of this partnership, NPST will be leveraging its offline payment acceptance platform - Qynx, to manage the complete merchant lifecycle, including: Device procurement and logistics; Merchant onboarding for acquirers; Field operations and servicing; Technical integration; Compliance and regulatory management. This collaboration will enable more than 1,500 co-operative banks, collectively operating over 11,000 branches, to offer QR code and soundbox-based digital payment acceptance to their customers without the need to develop or maintain their own digital backend infrastructure.

The above information is a part of company’s filings submitted to BSE.