(MENAFN- ForPressRelease) Mumbai, 16th October 2025: NPST, a leading digital banking and payments technology company and a proud member of the NPCI Partner Program, today announced the launch of Banking Connect, an interoperable internet and mobile banking platform developed by NPCI Bharat BillPay Limited (NBBL). With Banking Connect, banks can now bypass these legacy constraints through a single NBBL-certified integration, enabling seamless connectivity across internet and mobile banking channels.

Banking Connect marks a significant milestone in India's journey toward a unified digital banking framework while, traditional internet banking systems rely on bilateral integrations with multiple payment gateways, often leading to high costs, operational inefficiencies, and limited scalability.

The platform empowers banks to expand reach, streamline merchant onboarding, and offer secure, omni-channel experiences. Its microservices-based architecture supports real-time analytics, policy-driven fraud controls, and standardised settlements, allowing banks to reduce integration overheads while improving operational reliability.

"Banking Connect brings NBBL's cutting-edge innovation to the forefront of India's digital payments ecosystem," said Deepak Chand Thakur, Chairman and Managing Director at NPST. "By enabling banks to connect once and serve multiple payment aggregators and Merchants, we are reducing operational complexity, enhancing transaction security, and empowering banks to deliver a seamless digital banking experience. This platform ensures users and businesses can transact with confidence while participating in India's rapidly evolving interoperable payments landscape".

About NPST

Incorporated in 2013, NPST is a leading fintech firm in India, listed on the NSE Small and Medium Exchange. The company specializes in UPI payments and digital banking, operating as both a Technology Service Provider (TSP) and a Payment Platform as a Service Provider (PPaaS). Solutions include online and offline transaction processing, banking super apps, fraud prevention, dispute management, and compliance tech. NPST's mission is to deliver financial technology solutions across the financial value chain, serving banks, fintechs, and other industry players, and to drive the growth of the digital payments ecosystem.

NPST supports over 100 customers and processes more than 60 million transactions daily, advancing businesses, individuals, communities, and economies through its innovative solutions. For FY24, the company has reported total revenues of INR 130.08 Cr with 216% YoY growth, EBITDA of INR 43.70 Cr with 253% YoY growth, and net profit of INR 26.71 Cr with 310% YoY growth

User:- Kanishka Choudhary

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