Business Update14 May 2026, 07:22 pm
NPST Wins 3 Cooperative Bank Orders for Bank-in-a-Box
AI Summary
Network People Services Technologies (NPST) has secured orders from three cooperative banks for its Bank-in-a-Box platform. One bank will deploy NPST's acquiring switch alongside Qynx, while the other two will deploy Qynx only. Qynx is NPST's offline acquiring platform, handling merchant payment acceptance. These wins are expected to strengthen the company’s long-term recurring revenue and support sustained growth. Bank-in-a-Box is a SaaS-based platform covering UPI, IMPS, Banking Connect, online/offline merchant acceptance, AI fraud monitoring, and an omnichannel SuperApp.
Key Highlights
- NPST secures orders from three cooperative banks for its Bank-in-a-Box platform.
- One bank will deploy NPST's acquiring switch alongside Qynx.
- Two banks will deploy Qynx, NPST's offline acquiring platform.
- The orders are expected to strengthen long-term recurring revenue.
- Bank-in-a-Box is a full-stack banking and payments SaaS platform.