BusinessWire India
Mumbai (Maharashtra) [India], February 12: Network People Services Technologies Ltd. (NPST), a leading provider of digital banking and payment processing solutions, has secured three prestigious accolades at the Bharat Fintech Summit's Fintech & Digital Excellence Awards. This recognition highlights NPST's commitment to innovation and its leadership in India's rapidly evolving digital payments landscape.
NPST won the Best RegTech Award for its Risk Intelligence Decisioning Platform (RIDP). Powered by artificial intelligence and advanced machine learning algorithms, RIDP enables merchant-acquiring institutions--including banks, payment aggregators, and payment gateways--to implement counter-fraud strategies, enhance risk governance, and ensure compliance.
The company was also honoured as the Runner-Up in the Best Payment FinTech category and received a Special Jury Award for Emerging FinTech Company of the Year for its significant impact on the payments industry. NPST's Payments-Platform-as-a-Service (PPaaS) solution, EvoK. The platform streamlines online transaction processing while offering value-added services such as risk and fraud management, reconciliation, dispute resolution, and advanced analytics.
Speaking on this achievement, Deepak Chand Thakur, CEO & Co-founder of NPST, said, "Winning three prestigious awards at the Bharat Fintech Summit reaffirms our dedication to advancing payments technology across the financial ecosystem. This recognition strengthens our resolve to push boundaries, drive innovation, and scale financial inclusion."
The Bharat Fintech Summit's Fintech & Digital Excellence Awards celebrate outstanding contributions to fintech, recognizing companies that drive digital transformation through innovation, customer-centric solutions, and technological advancements.
As NPST continues to expand its footprint in the fintech space, it currently processes 6% of India's digital payments and serves over 100 clients across 700 locations.
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