NPST Partners with Indian Overseas Bank to Launch Voice-Based UPI Payments
Network People Services Technologies Limited (NPST) has been mandated by Indian Overseas Bank to implement UPI 123Pay, a voice-based UPI payment system. This solution targets approximately 850 million individuals in India who haven't adopted UPI yet, including 400 million feature phone users. UPI 123Pay operates without internet connectivity, supports 12 Indian languages, and offers features like balance checks and transaction history. NPST developed this in partnership with MissCallPay. The company, listed on BSE and NSE, specializes in fintech and processes over 18 billion transactions annually. NPST has scheduled a Board Meeting for November 12, 2025, to discuss Q2 FY26 financial results.

*this image is generated using AI for illustrative purposes only.
Network People Services Technologies Limited (NPST) has secured a significant mandate from Indian Overseas Bank to implement UPI 123Pay, a revolutionary voice-based UPI payment system. This innovative solution aims to bridge the digital divide by enabling feature phone users and non-tech-savvy smartphone users to access UPI payment services.
Key Features of UPI 123Pay
- Target Audience: Approximately 850 million individuals in India who haven't adopted UPI yet, including 400 million feature or button phone users
- Technology: Operates without mobile data or internet connectivity
- User Interface: Allows payments through voice or keypad inputs via missed calls and IVR callbacks
- Language Support: Available in twelve Indian languages
- Additional Features: Balance checks, transaction history, dispute management, and UPI PIN management
NPST's Collaboration and Technology
NPST has developed this solution in partnership with MissCallPay, leveraging their combined expertise to create a user-friendly payment system. The voice-based UPI payment platform is designed to be accessible to a wide range of users, particularly those who may find traditional digital payment methods challenging.
Company Profile
| Aspect | Details |
|---|---|
| Incorporation | 2013 |
| Listing | BSE and NSE |
| Specialization | Fintech, payments, and digital banking technology |
| Customer Base | Supports over 20 banks and 100 customers |
| Transaction Volume | Processes more than 18 billion transactions annually |
| Financial Performance (FY25) | Revenue: ₹180.00 crore Profit After Tax: ₹45.00 crore |
Upcoming Financial Results
As per the LODR data, NPST has scheduled a Board Meeting for November 12, 2025, to discuss and approve the following:
- Un-Audited Consolidated and Standalone Financial Results for the quarter ended September 30, 2025
- Limited Review Report on Consolidated and Standalone Financial Results for the same period
- Report of the monitoring agency for the quarter ended September 30, 2025
This initiative by NPST and Indian Overseas Bank represents a significant step towards financial inclusion in India. By making UPI payments accessible to feature phone users and those less comfortable with technology, the partnership has the potential to bring millions of new users into the digital payment ecosystem.
The voice-based UPI system could be particularly impactful in rural areas and among older demographics, where smartphone adoption and internet connectivity may be limited. As India continues its digital transformation, solutions like UPI 123Pay play a crucial role in ensuring that no one is left behind in the shift towards a cashless economy.
Investors and stakeholders will be keenly watching NPST's upcoming financial results to gauge the impact of this new initiative on the company's performance and future growth prospects.
Historical Stock Returns for Network People Services Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.20% | -6.85% | -11.65% | -14.63% | -44.44% | +2,207.87% |





































