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Frost & Sullivan Recognizes Network People Services Technologies for Leading the Market with Cutting-edge Digital Payment Technology in India and the USA


Frost & Sullivan recently awarded Network People Services Technologies Ltd. (NPST) with the 2024 Indian Company of the Year Award in the payment technology industry. NPST, a leader in digital banking and payment processing solutions, is recognized for its innovative technology and strategic adaptability in advancing digital payment adoption in India. The company offers a range of solutions including digital banking, payment processing, and RegTech offerings to financial entities within the banking and fintech sectors.

NPST’s NPST 2.0 strategy focuses on innovation, transformation, and growth, driving technological advancements in areas like fraud detection, real-time lending, and embedded payments. The company is making significant investments in artificial intelligence and machine learning to enhance its payment solutions. NPST’s flagship EVOK 3.0 Payments Platform as a Service integrates AI and ML to offer advanced capabilities such as multi-bank intelligent routing and predictive fraud intelligence.

Additionally, NPST has introduced groundbreaking innovations such as PayJoy, Bill Direct, TimePay Cash, UPI Circle, Contextual Payments, and UPI Lite Auto-Top Up to enhance the digital payment experience for users in India. The company’s focus on customer experience, strong financial performance, and commitment to societal impact have cemented its position as a leader in the global payment technology industry.

With a strong emphasis on customer relationships, digital literacy, and social responsibility, NPST is driving economic growth, promoting financial inclusion, and maintaining a competitive edge in the digital payment landscape in India. Frost & Sullivan’s recognition of NPST as the 2024 India Company of the Year highlights the company’s excellence in growth strategy, innovation, and market leadership.

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