Network People Services Technologies Ltd., or NPST, a fintech firm providing banking and payment technology and solutions, has secured orders from Kerala Gramin Bank and Karnataka Gramin Bank for its banking SuperApp. NPST SuperApp will help the banks to accelerate digital transformation by enabling the delivery of banking and transactional experiences for customers in rural and semi-urban areas.
India's digital banking ecosystem is undergoing a change, helped by the government's digital India initiative and the increasing penetration of smartphones. These shifts present an opportunity for regional banks to modernise their services and cater to the evolving digital needs of their customers.
NPST's app integrates services such as onboarding, everyday banking and payment transactions, credit products, as well as backend consumer servicing and engagement. Customers can access these services in their regional language, enhancing convenience.
“By offering a comprehensive, integrated and future-ready digital engagement platform, NPST is strengthening the experiences banks can offer to previously underserved populations, and secure a competitive edge in the fast-growing digital-first payments economy,” said Deepak Chand Thakur, co-founder and chief executive at NPST.
NPST SuperApp allows banks to build and deploy differentiated services through a suite of Open APIs supported by the NPST API Hub. Its advanced micro-services-based, high-availability architecture helps banks to scale to keep pace with increasing digital interactions, with the aim of cutting time to market and the costs associated with lengthy roll-outs.
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