Network People Services Technologies (NPST) has entered into a partnership with Cosmos Co-operative Bank to expand digital payment acceptance infrastructure for co-operative banks across India. As part of this partnership, NPST will be leveraging its offline payment acceptance platform, Qynx, to manage the complete merchant lifecycle, including device procurement and logistics, merchant onboarding for acquirers, field operations and servicing, technical integration, and compliance and regulatory management.

This collaboration will enable more than 1,500 co-operative banks, collectively operating over 11,000 branches, to offer QR code and soundbox-based digital payment acceptance to their customers without the need to develop or maintain their own digital backend infrastructure. The initiative is expected to significantly contribute to financial inclusion and support the adoption of digital payments across semi-urban and rural markets.

Network People Services Technologies is a banking technology service provider (TSP) and is engaged in providing software and mobility solutions to banking and finance sector primarily focusing on mobile banking applications, digital transaction solutions such as IMPS, UPI, digital wallet, etc. and smart transaction solutions.