Network People Services Technologies Limited — Important, 03-04-2025: Updates

Network People Services Technologies Limited (NPST) has received a Purchase Order from Central Bank of India valued at ₹168 crores for the supply, installation, maintenance, and management of Sound Boxes with QR Codes at merchant establishments over five years. NPST was awarded 40% of the total order as the L2 bidder in a reverse auction.

This partnership will enable Central Bank to enhance its merchant acquiring business through NPST’s Qynx platform, facilitating offline payment solutions. The service aims to ensure instant payment confirmations and improve the transaction experience, fostering higher digital payment adoption and increasing transaction volumes. With both OPEX and CAPEX models, NPST positions itself as a competitive player in the digital payments ecosystem while also supporting growth in revenue. This achievement marks a key milestone for NPST, further solidifying its role in the banking sector’s innovative payment solutions landscape.