Network People Services Technologies Limited has informed the Exchange regarding 'Partnership with Cosmos Co-operative Bank Ltd for Expansion of Digital Payment Acceptance Infrastructure'.
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Network People Services Technologies Limited (NPST) has entered into a partnership with Cosmos Co-operative Bank Ltd to expand digital payment acceptance infrastructure. The collaboration will enable NPST to deploy its digital payment solutions across Cosmos Bank's network, strengthening its presence in the co-operative banking segment. This partnership is part of NPST's broader strategy to grow its payment acceptance business by onboarding more banks and financial institutions. No financial details of the deal have been disclosed in the filing. The move comes as digital payments continue to see strong adoption across urban and semi-urban markets in India.
Positive for shareholders as the partnership opens a new distribution channel through Cosmos Bank's customer base, potentially driving transaction volume and revenue growth in NPST's core digital payments business.