Network People Services Technologies has secured a strategic mandate from a large cooperative bank to deploy its flagship UPI Switch infrastructure. This engagement marks the company’s first order under its Bank-in-a-Box offering within the UPI solutions suite, delivered through a plug-and-play model that enables banks to rapidly deploy scalable, enterprise-grade payment infrastructure without large upfront investments, while allowing the company to generate recurring multi-year SaaS-based revenue. Through this deployment, the bank will be equipped to enter the UPI merchant acquiring ecosystem, enabling it to expand digital payment acceptance across its merchant network while unlocking new revenue streams and strengthening digital engagement with its member communities. 

The Bank-in-a-Box, launched last year, is a ready-to-deploy digital banking platform designed to help small, mid-sized, and cooperative banks accelerate digital transformation. The platform combines digital payments processing with merchant acquiring across offline channels (QR, Soundbox) and online channels (Pay-in, Payout, and Interoperable Autopay) with Al-powered fraud monitoring capabilities for merchant risk management. It also includes omnichannel Banking SuperApp offering 400+ services, enabling banks to deliver a unified digital banking experience.

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.