Network People Services Technologies Ltd

- NPST partners with Cosmos Co-operative Bank Ltd to expand digital payment acceptance. - Leverages offline payment platform Qynx for merchant lifecycle management. - Targets 1,500+ co-operative banks with 11,000+ branches across India. - Aims to improve financial inclusion in semi-urban and rural areas.

🔍 Overview of the Partnership

NPST has entered into a collaboration with Cosmos Co-operative Bank Ltd to enhance digital payment acceptance infrastructure specifically for co-operative banks in India.

💳 What is Being Offered?

NPST will utilize its offline payment platform called Qynx to handle the entire merchant lifecycle, which includes:

• Procuring devices and managing logistics
• Onboarding merchants for payment acceptance
• Conducting field operations and servicing
• Technical integration with systems
• Managing compliance and regulatory requirements

🏦 Scale and Reach

This partnership aims to enable over 1,500 co-operative banks, with more than 11,000 branches across India, to offer digital payment options such as QR codes and soundbox-based acceptance, relieving banks from building their own backend infrastructure.

🌱 Potential Impact

This initiative is expected to promote financial inclusion by extending digital payment adoption in semi-urban and rural markets where co-operative banks are vital.

💡 Why Investors Might Find This Relevant

The collaboration shows NPST's effort to expand in digital payments, focusing on a niche segment that could increase platform transaction volumes.

📌 Important to Note

This is primarily a partnership announcement and does not provide immediate revenue or profit details. It is a strategic growth step rather than a direct financial update.