NPST Wins Three Cooperative Bank Orders for Bank-in-a-Box

18 May 2026 CW Team

The Bank-in-a-Box offering is delivered as software-as-a-service (SaaS) and is intended to give cooperative banks operational infrastructure to run offline merchant acquiring without building it themselves. The platform covers UPI, IMPS and Banking Connect processing as well as online and offline merchant acceptance, AI-driven fraud monitoring and an omnichannel SuperApp with over 400 banking services. The arrangement is structured to unlock recurring, multi-year revenue per bank and to bolster the company’s long-term recurring revenue pipeline.

NPST characterised the wins as strategic for expanding access to digital banking and payments in the cooperative sector, which the company said serves millions of customers but often lacks modern infrastructure owing to unfavourable economics of in-house development. The Bank-in-a-Box model is presented as enabling any cooperative bank to deploy services in weeks and access new revenue streams without significant capital outlay. NPST said the solution reduces time to market and operational burden for participating banks.

Founded in 2013, NPST is listed on the National Stock Exchange and BSE and operates as a technology service provider, a payment platform-as-a-service provider and an AI-powered regulatory technology provider serving banks, fintechs and financial institutions across the payments value chain. The company said the deployments will support its sustained growth and recurring revenue objectives. Contact details for media are listed on the company website.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Network People Services Technologies Limited (NPST) has secured orders from three cooperative banks for its Bank-in-a-Box platform, the company said on May 14, 2026. The contracts include one bank deploying NPST's acquiring switch alongside Qynx and two banks deploying Qynx only. Qynx is NPST's flagship offline acquiring platform that handles the full stack of offline merchant payment acceptance, from QR and Soundbox processing to device shipment, logistics, monitoring and field support. The Bank-in-a-Box offering is delivered as software-as-a-service (SaaS) and is intended to give cooperative banks operational infrastructure to run offline merchant acquiring without building it themselves. The platform covers UPI, IMPS and Banking Connect processing as well as online and offline merchant acceptance, AI-driven fraud monitoring and an omnichannel SuperApp with over 400 banking services. The arrangement is structured to unlock recurring, multi-year revenue per bank and to bolster the company’s long-term recurring revenue pipeline. NPST characterised the wins as strategic for expanding access to digital banking and payments in the cooperative sector, which the company said serves millions of customers but often lacks modern infrastructure owing to unfavourable economics of in-house development. The Bank-in-a-Box model is presented as enabling any cooperative bank to deploy services in weeks and access new revenue streams without significant capital outlay. NPST said the solution reduces time to market and operational burden for participating banks. Founded in 2013, NPST is listed on the National Stock Exchange and BSE and operates as a technology service provider, a payment platform-as-a-service provider and an AI-powered regulatory technology provider serving banks, fintechs and financial institutions across the payments value chain. The company said the deployments will support its sustained growth and recurring revenue objectives. Contact details for media are listed on the company website.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..