Network People Services Technologies Ltd. (NPST) has been recognized with the 2024 Indian Company of the Year Award by Frost & Sullivan for its innovative technology and strategic adaptability in advancing digital payment adoption in India. NPST’s core mission is to provide cutting-edge digital technology to entities in the financial value chain, offering solutions such as digital banking, payment processing infrastructure, and RegTech offerings. The company’s NPST 2.0 strategy focuses on driving technological advancements in fraud detection, real-time lending, and embedded payments.
NPST is making significant investments in artificial intelligence (AI) and machine learning (ML) to enhance its payment solutions, such as the Risk Intelligence Decisioning Platform, which identifies high-risk transactions and merchants in real-time. The company’s flagship EVOK 3.0 Payments Platform as a Service integrates AI and ML to offer capabilities like multi-bank intelligent routing and predictive fraud intelligence.
Additionally, NPST has introduced groundbreaking innovations like PayJoy for real-time UPI credit access, Bill Direct for bill aggregation, TimePay Cash for cash withdrawals using QR codes, UPI Circle for expanded digital payment access, and Contextual Payments for an enhanced customer checkout experience.
NPST’s strategic adaptability, commitment to customer satisfaction, and focus on innovation have positioned it as a pivotal player in India’s financial ecosystem. With strong financial performance reflecting revenue growth and EBITDA increase, NPST continues to drive economic growth, promote financial inclusion, and lead in the global payment technology industry.
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