Network People Services Technologies has announced a strategic partnership with Infinity Infoway to revolutionize identity card functionality by integrating digital payment capabilities. This collaboration aims to transform traditional identification systems into comprehensive digital payment solutions.

Partnership Overview

The partnership between Network People Services Technologies and Infinity Infoway represents a significant advancement in digital payment integration technology. The collaboration focuses on developing solutions that seamlessly combine identification and payment functionalities within a single card system.

Solution Features

The innovative solution combines prepaid payment features with existing ERP systems, creating a unified platform for organizations. This integration allows institutions to streamline their financial operations while providing users with convenient payment options through their identity cards.

Key aspects of the solution include:

• Integration of prepaid payment functionality into identity cards
• Seamless connectivity with existing ERP systems
• Comprehensive financial management capabilities
• Enhanced user convenience and operational efficiency

Implementation Strategy

Network People Services Technologies has outlined a phased approach for the nationwide rollout of this digital payment solution. The implementation will commence with controlled deployments to ensure system stability and user acceptance before broader market introduction.

The controlled deployment strategy allows the company to monitor system performance, gather user feedback, and make necessary adjustments before full-scale implementation. This approach ensures optimal functionality and user experience across different organizational environments.

Market Applications

The solution targets two primary market segments: educational institutions and businesses. For schools, the integrated payment system can facilitate cafeteria purchases, library fees, and other campus transactions. Business applications include employee meal programs, facility access, and internal payment systems.

This partnership positions Network People Services Technologies to capitalize on the growing demand for integrated digital payment solutions in institutional settings, offering organizations a comprehensive approach to identity management and financial transactions.

Network People Services Technologies Limited has unveiled a comprehensive digital banking solution called Bank-in-a-Box, designed to enable small and mid-size banks to go fully digital within 12 weeks. This innovative platform features UPI/IMPS processing capabilities and an AI-powered RegTech solution.

Comprehensive Digital Banking Solution

The Bank-in-a-Box platform addresses critical challenges faced by banks across India, including legacy systems, fragmented infrastructure, and limited digital capabilities that constrain innovation and affect customer satisfaction. The solution provides a modern digital banking and payments stack purpose-built for high-performance environments.

Advanced Technology Stack

The platform features an integrated approach combining multiple banking services within a single framework. The AI-powered RegTech solution enables efficient merchant risk management, fraud risk monitoring, and online dispute resolution. The built-in omnichannel Banking SuperApp offers more than 400 services including account and credit management, bill payments, e-commerce, and ticketing capabilities.

Rapid Deployment Architecture

Built on a plug-and-play architecture, the platform enables rapid deployment for banks with certain solutions going live instantly. For solutions requiring deeper integration, NPST has optimized implementation processes and reduced timelines by up to 60%, allowing banks to go live within eight to twelve weeks.

Strategic Vision and Market Impact

Deepak Chand Thakur, Chairman and Managing Director of NPST, emphasized the platform's significance: "Bank-in-a-Box is a low-cost, high-performance, and fully compliant solution designed to serve over 2,000 regulated entities across the BFSI sector, including banks, PPIs, NBFCs, and payment aggregators. It also meets the agile needs of more than 100,000 fintechs that rely on banking partnerships to scale."

The company aims to onboard more than 20 tenants across multiple product lines by the end of the financial year, strengthening its SaaS-based revenue model within the TSP segment and expanding access to the Bank-in-a-Box platform.

Additional Capabilities and Integration

The platform supports core banking, loan processing, and anti-money laundering compliance through seamless third-party integrations. By consolidating multiple digital services, Bank-in-a-Box enables banks to close operational gaps, accelerate service delivery, and unlock new revenue streams in areas such as merchant acquiring, digital lending, and API monetization.

About Network People Services Technologies

Incorporated in 2013, NPST operates as a Technology Service Provider and Payment Platform as a Service Provider, offering integrated solutions including switches, BBPS integrations, banking super apps, and merchant acquiring services. The company supports 1,004 customers and processes 18 billion transactions annually, continuing to strengthen India's digital payment ecosystem through its technology-first approach.