NPST, India’s top-listed Fintech provider of banking and payment technology and solutions, has received orders from Kerala Gramin Bank and Karnataka Gramin Bank for its banking super app. NPST Superapp will help banks speed digital transformation by delivering engaging, cutting-edge banking and transactional experiences targeted to the needs of consumers in rural and semi-urban locations.
India’s digital banking environment has undergone a remarkable transition, fueled by the government’s ambitious Digital India plan and rising smartphone penetration, with over 600 million users. These transformations allow smaller banks to modernise their services and meet their client’s changing digital expectations.
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The NPST Banking SuperApp is meant to capitalise on these developments by providing clients with lifestyle-based banking experiences, particularly in tier two and tier three locations. It combines a variety of services, such as onboarding, ordinary banking and payment activities, credit products, and backend consumer servicing and engagement. Customers can use these services in their own language, increasing convenience. By going beyond transactional capabilities, NPST Banking SuperApp enables banks to build deeper, more engaging relationships 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 enables banks to quickly design and deploy distinctive services using Open APIs powered by the NPST API Hub and a strong ecosystem of partner innovations. Its innovative micro-services-based, high-availability design enables banks to scale easily to keep up with the quickly rising digital interactions.
Built from the bottom up, NPST’s significant integration experience and interoperability with all payment rails and core banking solutions allow for rapid product and service creation, reducing time to market and costs associated with lengthy roll-outs.
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