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Kerala Gramin Bank and Karnataka Gramin Bank select a partner for their digital transformation.




Network People Services Technologies Limited (NPST), a digital banking and Unified Payments Interface (UPI) payments technology provider listed on the NSE SME exchange, announced on Wednesday that it has secured contracts from Kerala Gramin Bank and Karnataka Gramin Bank for its banking Superapp.

According to NPST, the Superapp will help these banks speed up their digital transformation by offering modern, engaging banking and transactional experiences that cater to the needs of customers in rural and semi-urban areas.

India's digital banking landscape has significantly evolved, driven by the government's Digital India initiative and the growing number of smartphone users, which now exceed 600 million. These changes provide a substantial opportunity for regional banks to modernize their services and address the digital needs of their customers.

Founded in 2013, NPST has become a leading fintech company in India, listed on the NSE Small and Medium Exchange. The company focuses on UPI payments and digital banking solutions, operating as a Technology Service Provider (TSP) and Payment-Platform-as-a-Service Provider (PPaaS). It serves a wide range of stakeholders in the financial sector, including banks, payment aggregators, merchants, and consumers.

With over 100 clients and processing more than 60 million transactions daily, NPST aims to bridge the gap between banks and fintech companies, fostering the growth of the digital payments ecosystem. The NPST Banking SuperApp is designed to leverage current trends, providing comprehensive banking services, particularly in tier-two and tier-three cities. It offers features such as customer onboarding, everyday banking and payment transactions, credit products, and backend consumer servicing and engagement.











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