Mumbai, 5th May 2023 - NPST, one of India's fastest-growing fintech companies has been on the strong product roadmap for the last couple of years to bridge the technology gap for Banks and Fintech in the Payment industry. After creating a success story in banking with full-stack UPI platform, we have been successful in launching a seamless API bank for Payment Aggregators and Other Fintech players. A full-blown Banking Super app was another milestone in building Bank-Fintech collaboration for a seamless user experience. While we have been able to build a strong business story in the B2B segment a further aspiration to complete the financial value chain has led us to explore the TPAP opportunity.
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In mid-2021, the company got approval from NPCI being one of 23 Third party payment application providers in the UPI ecosystem. NPST is building larger use cases not just in the B2B segment but exploring newer opportunities with proven products in B2C segment. It’s been 9 years in the Payment industry delivering innovative technology stack and payment solutions to banks and financial institutes adding new product and business story every year. This resonates with NPST’s vision of providing digital technology to large, medium, and micro set ups to transact and operate seamlessly in financial value chain.
The company is listed on NSE with a valuation of around 400 Cr and has promising YoY growth vying at an increased market share. They have grown with business transformation by building futuristic products targeting for upcoming financial year. Here on, NPST is all set to expand and position as industry leader in payment and it is on a mission to capture over 5% of total UPI market share in transaction eyeing 3X yearly growth trend. One of the key focus for NPST this year is to scale the organisation’s business and operational capabilities and continue to bring technical innovation in payments. This is possible with bright minds and fundamentally strong executioners building the organisation of future benchmarked in digital payment ecosystem. These bright executives will head and manage distinct but strategic positions in various verticals and business units. .
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This move will establish NPST’s next steps towards its commitment for staggering growth to its shareholders, employees and customers. We believe that the foundation has been set for multiple success stories and it will be driven by industry leaders. NPST today has talent pool in Mumbai, Noida, and Bengaluru, which needs nurturing and guidance of CXOs who will oversee the management and expansion of the verticals from the NPST headquarter in Mumbai. The change is a part of NPST's strategy to increase team size from 200 to 450 over the course of the following six months.
We are in an exciting moment of our growth narrative and it is essential that our CXOs have a track record of expanding fintech organisations and creating a trustworthy culture. We're seeking for changemakers who can assist us in advancing our growth as well as leaders from the Fintech sector, said Deepak Chand Thakur, Chairman and Managing Director.
About NPST
Network People Services Technologies Limited is in the business of providing Digital Payments solutions to banks, financial institutions, and Merchants. NPST is an authorized Merchant Payment Service Provider, approved by NPCI, acquiring merchants, and providing payment applications to users across various segments. They also serve as Fintech partners to banks and financial institutes operating as Technology Service Providers (TSP), providing a certified digital payment solution including Mobile Banking, IMPS, Bhim UPI, and Wallet platform.
For more information, visit our website at https://www.npstx.com/about-npst/ ,follows us on linkedIn .
