Wednesday, June 26, 2024

Two Regional Rural Banks Select NPST Banking SuperApp To Accelerate Digital Transformation

* NPST has secured contracts from Kerala Gramin Bank and Karnataka Gramin Bank to execute a digital transformation program aimed at delivering exceptional banking experiences to customers.

NPST, India’s leading listed Fintech providing banking and payment technology and solutions, announced it has secured orders from Kerala Gramin Bank and Karnataka Gramin Bank for its banking Superapp. NPST Superapp will enable banks to accelerate digital transformation by enabling the delivery of engaging, new-age banking and transactional experiences, tailored to the demands of customers in rural and semi-urban areas. 

India’s digital banking ecosystem has experienced a remarkable transformation, fuelled by the government’s ambitious Digital India initiative and the increasing penetration of smartphones, with more than 600 million users.   These shifts present a tremendous opportunity for regional banks to modernize their services and cater to the evolving digital needs of their customers.

The NPST Banking SuperApp is designed to capitalize on these trends, delivering lifestyle- banking experiences to customers, especially in tier two and tier three cities. It integrates a wide array of services, including onboarding, everyday banking and payment transactions, credit products, as well as backend consumer servicing and engagement.  Customers can access these services in their regional language, enhancing convenience. By going beyond mere transactional capabilities, NPST Banking SuperApp helps banks foster deeper, more engaging connections with their customers.

Commenting on the win Deepak Chand Thakur, Co-Founder and CEO NPST said; “We are excited to work with Karnataka Gramin Bank and Kerala Gramin Bank to support their ongoing digital transformation and long-term growth in a scalable manner. By offering a comprehensive, integrated, and future-ready digital engagement platform, NPST is strengthening the experiences banks can offer to previously underserved populations, and secure a competitive edge in the fast-growing digital-first payments economy.” 

NPST Banking SuperApp accelerates the speed of innovation, empowering banks to rapidly build and deploy differentiated services through a broad suite of Open APIs powered by the?NPST API Hub and a strong ecosystem of partner innovations.  Its advanced micro-services-based, high-availability architecture helps banks to scale seamlessly to keep pace with rapidly increasing digital interactions.  

Built from the ground up, NPST’s extensive integration experience and interoperability with all payment rails and core banking solutions enables rapid product and service development, cutting time to market and the costs associated with lengthy roll-outs.   

About NPST

Established in 2013, NPST, a Make in India company, is one of India's leading fintech firms, with a listing on the NSE Small and Medium Exchange.

With a primary focus on UPI payments and digital banking solutions, NPST functions as a Technology Service Provider (TSP) and a Payment Platform as a Service Provider (PPaaS), catering to stakeholders across the financial value chain, including banks, payment aggregators, merchants, and consumers. Committed to innovation and excellence, NPST' aims to bridge the gap between banks and FinTechs and foster the overall growth of the digital payments ecosystem.

Presently, NPST facilitates seamless money movement for over 100 customers, processing an impressive 60 million transactions daily, benefiting millions of businesses, merchants, and consumers nationwide. For more information, visit:

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