Network People Services Technologies Limited has informed the Exchange regarding a press release dated March 16, 2026, titled "Press Release on UPI Switch Mandate under Bank-in-a-Box Platform.".
NPST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NPST has secured a UPI Switch mandate from a large cooperative bank under its Bank-in-a-Box platform. This is the company's first order under this specific offering, delivered through a plug-and-play SaaS model that allows banks to deploy payment infrastructure without heavy upfront costs. The deal will enable the cooperative bank to enter the UPI merchant acquiring space and expand digital payment acceptance across its merchant network. The Bank-in-a-Box platform combines UPI processing, merchant acquiring (QR, Soundbox, Pay-in, Payout, Autopay), AI-based fraud monitoring, and a Banking SuperApp with 400+ services. NPST currently serves 100+ customers and processes over 50 million transactions daily, but no financial details of the mandate (deal value, contract duration, or revenue impact) have been disclosed.
Positive for sentiment as it marks a first-of-its-kind order for the Bank-in-a-Box platform and signals entry into the cooperative bank segment, with potential for recurring SaaS-based revenue. However, absence of disclosed deal size limits assessment of material impact on financials.