NPST has launched Banking Connect—an interoperable internet and mobile banking platform developed by NPCI Bharat BillPay Limited (NBBL). This milestone initiative aims to unify online banking systems under a single interoperable framework, enhancing connectivity, scalability, and security across the financial ecosystem.
Traditionally, internet banking systems operate through bilateral integrations with multiple payment gateways, resulting in high costs, complex onboarding, and limited flexibility. With Banking Connect, banks can now overcome these challenges through a single NBBL-certified integration that seamlessly connects them with multiple payment aggregators and merchants. The interoperable model aligns with NPCI’s broader vision of creating a unified and inclusive digital payments ecosystem across India.
Built on a robust microservices-based architecture, the platform enables real-time analytics, standardised settlements, and policy-based fraud management. These features allow banks to streamline operations, reduce integration overheads, and ensure a consistent user experience across internet and mobile channels. It also supports merchants by simplifying onboarding and enabling faster, more secure digital transactions.
Speaking on the launch, Deepak Chand Thakur, Chairman and Managing Director, NPST, said, “Banking Connect brings NBBL’s advanced innovation to the forefront of India’s digital ecosystem. By enabling banks to connect once and serve multiple partners, we are reducing technological complexity, enhancing transaction security, and empowering institutions to deliver superior digital experiences.”
Incorporated in 2013, NPST is listed on the NSE’s SME platform and operates as both a Technology Service Provider (TSP) and a Payment Platform-as-a-Service (PPaaS) provider.
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With Banking Connect, NPST and NBBL have taken a strategic step toward making internet and mobile banking interoperable, reinforcing India’s journey toward a unified, secure, and truly digital banking ecosystem.
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