Deals7 Aug 2025, 06:21 pm
Niyogin Fintech's Subsidiary, Iserveu, Signs $10M Contract with Central Bank of India
AI Summary
Niyogin Fintech Ltd. announces that its material unlisted subsidiary, Iserveu Technology Private Limited, has signed a five-year contract with Central Bank of India to enhance their merchant acquiring operations in India. The contract, valued at $10 million, involves deploying UPI-enabled soundboxes and a comprehensive technology stack, including a merchant app, soundbox platform, and back-office portal with full-scale merchant support.
Key Highlights
- Niyogin Fintech's subsidiary, Iserveu, has signed a $10M contract with Central Bank of India.
- The contract involves deploying UPI-enabled soundboxes and a technology stack for merchant acquiring operations.
- The agreement lasts for five years, from the date of signing.
- The deal includes a merchant app, soundbox platform, and back-office portal with merchant support.
- This partnership aims to enhance the merchant acquiring operations of Central Bank of India.