Network People Services Technologies Limited (NPST) has announced a strategic partnership with Cosmos Co-operative Bank Ltd, aiming to revolutionize digital payment acceptance infrastructure for co-operative banks across India. This collaboration marks a significant step towards enhancing financial inclusion and digital payment adoption in semi-urban and rural markets.

Partnership Highlights

• Scope: The partnership will enable over 1,500 co-operative banks with more than 11,000 branches to offer advanced digital payment solutions.
• Technology: NPST will leverage its Qynx platform to manage the complete merchant lifecycle.
• Services: QR code and soundbox-based digital payment acceptance will be introduced without the need for individual banks to develop their own digital backend infrastructure.

Key Features of NPST's Qynx Platform

NPST's offline payment acceptance platform, Qynx, will play a crucial role in this partnership by managing various aspects of the merchant lifecycle:

Impact on Financial Inclusion

This initiative is expected to have a significant impact on financial inclusion:

1. Expanded Reach: By enabling co-operative banks to offer digital payment solutions, the partnership will extend financial services to underserved areas.
2. Simplified Adoption: Co-operative banks can now offer advanced payment solutions without the burden of developing and maintaining their own digital infrastructure.
3. Rural and Semi-Urban Focus: The collaboration specifically targets markets that have traditionally had limited access to digital financial services.

Regulatory Compliance

NPST has informed the National Stock Exchange of India Limited and BSE Limited about this partnership, in compliance with Regulation 30 read with Para C of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This partnership between NPST and Cosmos Co-operative Bank Ltd represents a significant step towards digitalizing India's co-operative banking sector. By leveraging technology to expand digital payment infrastructure, this initiative has the potential to transform financial services accessibility in semi-urban and rural India.

Network People Services Technologies Limited (NPST) has made significant strides in its business operations, as evidenced by recent developments and financial results.

NSE Approval for Equity Shares

NPST has received in-principle approval from the National Stock Exchange of India Limited (NSE) for listing 14,46,500 equity shares allotted on a preferential basis. This approval, granted on November 14, 2025, marks a positive step for the company's capital structure and potential for growth.

Strong Q2 Financial Performance

The company has reported impressive financial results for the second quarter:

NPST maintained a healthy profitability of 20.4% over total income, showcasing its ability to grow while maintaining margins.

Product Portfolio Expansion

The company has expanded its product offerings, introducing several new solutions:

1. Banking Connect: Enhances interoperability between net banking and mobile banking.
2. Bank-in-a-Box: A SaaS-based solution targeting small to mid-sized banks.
3. Queens platform: An offline payment solution gaining traction in the market.

These additions are expected to diversify NPST's revenue streams and strengthen its position in the fintech sector.

Business Segment Performance

• Technology Service Provider (TSP) segment: Contributes approximately 80-85% of the revenue.
• Payment Platform as a Service (PPaaS): Accounts for about 15% of the revenue.
• RegTech: A newly developed vertical focused on fraud prevention, showing promise for future growth.

International Expansion

NPST is making inroads into international markets:

• Secured a contract in Africa, operating on a SaaS-based revenue model.
• Opened operations in Dubai, actively participating in market enquiries.
• Exploring opportunities in the UAE and Southeast Asia markets.

Future Outlook

The company is focusing on several key areas for growth:

• Increasing revenue streams in the payment platform business.
• Securing new accounts and executing business in the TSP segment.
• Generating SaaS-based revenue for RegTech and Bank-in-a-Box solutions.
• Expanding merchant presence through newly launched products.

NPST is also investing in AI to improve internal efficiency, aiming for at least a 40% optimization in operations over the next few years.

As the digital payments landscape in India continues to evolve, with UPI transactions expected to grow from 20 billion to 60 billion per month in the next four years, NPST appears well-positioned to capitalize on these opportunities. The company's diversified approach and focus on innovation suggest a promising trajectory for future growth in the dynamic fintech sector.