Network People Services Technologies Applauded By Frost Sullivan For Providing Cutting-edge Digital Payment Technology And For Its Market-leading Position

Frost Sullivan recently researched the payment technology industry and, based on its findings, recognizes Network People Services Technologies Ltd. NPST with the 2024 Indian Company of the Year Award.

Its core mission is to provide cutting-edge digital technology to all entities in the financial value chain, ensuring robust support at every stage of the payment process. The company provides banking solutions and payment processing infrastructure that interconnect financial entities within the broader banking and fintech sectors.

Listed on the National Stock Exchange NSE SME platform, NPST has significantly shaped Indias digital payments landscape. Its solutions span digital banking, payment switching and processing, merchant acquiring, and RegTech offerings, catering to banks, payment aggregators, merchants, and TPAPs.

With a forward-looking vision encapsulated in its NPST 2.0 strategy-Innovate, Transform, and Grow-the company is driving technological advancements in areas like fraud detection, real-time lending, and embedded payments, enabling transactions through ERP and smart devices such as vehicles, smartwatches, and meters.

NPST is making significant investments in artificial intelligence AI and machine learning ML to enhance its payment solutions. NPSTs Risk Intelligence Decisioning Platform, a cutting-edge AI-driven operations engine , is supported by a comprehensive data lake that consolidates transaction data. This advanced system allows for the real-time identification of high-risk transactions and merchants. It includes tools designed to enhance compliance and mitigate fraud, such as a merchant trust score, a customer transaction score, and chargeback fraud prevention.