Network People Services Technologies Limited has informed the Exchange regarding a press release dated May 14, 2026, titled "Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 Press Release NPST Wins Three Cooperative Bank Orders for Its Bank-in-a-Box Platform. ".
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NPST has secured orders from three cooperative banks for its Bank-in-a-Box platform. One bank will deploy NPST's acquiring switch alongside Qynx, while two banks will deploy Qynx only. Qynx is NPST's flagship offline acquiring platform handling QR payments, Soundbox processing, device logistics, and field support. The Bank-in-a-Box is a SaaS subscription model covering UPI, IMPS, banking processing, merchant acceptance, fraud monitoring, and a SuperApp with 400+ banking services. The company expects these wins to unlock recurring, multi-year revenue streams per bank and strengthen its long-term revenue pipeline.
These strategic wins expand NPST's customer base in the underserved cooperative banking sector and provide visible multi-year recurring revenue visibility, which is positive for the company's revenue growth outlook.