Protean eGov Technologies Acquires 4.95% Stake in NSDL Payments Bank to Expand Market Reach

Protean eGov Technologies Ltd, a pioneer and market leader in building Digital Public Infrastructure, has approved the acquisition of a 4.95% equity stake in NSDL Payments Bank Ltd, a wholly owned subsidiary of National Securities Depository Limited. This investment aims to expand market reach and build an anchor banking partnership. NSDL Payments Bank, built with a digital-first vision, delivers simple, secure, and accessible banking services with a strong focus on underserved and underbanked populations. Protean will have the opportunity to co-create, pilot, and scale a comprehensive suite of certified digital banking technologies on a secure and compliant platform. This collaboration will contribute to the broader evolution of India’s digital financial architecture.