Two Regional Rural Banks Select NPST Banking SuperApp to Accelerate Digital Transformation
NPST announced it has secured orders from Kerala Gramin Bank and Karnataka Gramin Bank for its banking Superapp. NPST Superapp will enable banks to accelerate digital transformation by enabling the delivery of engaging, new-age banking and transactional experiences, tailored to the demands of customers in rural and semi-urban areas.
India’s digital banking ecosystem has experienced a remarkable transformation, fuelled by the government’s ambitious Digital India initiative and the increasing penetration of smartphones, with more than 600 million users. These shifts present a tremendous opportunity for regional banks to modernize their services and cater to the evolving digital needs of their customers.
The NPST Banking SuperApp is designed to capitalize on these trends, delivering lifestyle- banking experiences to customers, especially in tier two and tier three cities. It integrates a wide array of services, including onboarding, everyday banking and payment transactions, credit products, as well as backend consumer servicing and engagement. Customers can access these services in their regional language, enhancing convenience. By going beyond mere transactional capabilities, NPST Banking SuperApp helps banks foster deeper, more engaging connections 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 accelerates the speed of innovation, empowering banks to rapidly build and deploy differentiated services through a broad suite of Open APIs powered by the NPST API Hub and a strong ecosystem of partner innovations. Its advanced micro-services-based, high-availability architecture helps banks to scale seamlessly to keep pace with rapidly increasing digital interactions.
Built from the ground up, NPST’s extensive integration experience and interoperability with all payment rails and core banking solutions enables rapid product and service development, cutting time to market and the costs associated with lengthy roll-outs.
