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.

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.