NPST secured three new orders for its Bank-in-a-Box SaaS platform from cooperative banks, generating multi-year recurring revenue.
One bank will deploy NPST's acquiring switch with Qynx platform while two others will implement Qynx-only offline acquiring solutions.
The platform enables cooperative banks to offer full digital banking services including UPI, IMPS, and merchant acceptance without capital outlay.
CEO Deepak Chand Thakur emphasized the solution addresses infrastructure gaps in cooperative banking sector through SaaS distribution model.