NPST to Launch AI-Powered Digital Products at Global Fintech Fest

NPST, a leading digital banking and payments technology provider listed on the NSE-SME exchange, is set to unveil its new AI-powered digital product portfolio at the Global Fintech Fest (GFF) on August 29, 2024, at the Jio Convention Centre in Mumbai.

As India accounts for one in two digital payment transactions globally, the payments landscape is continuously evolving with the introduction of innovative technologies and new market players. NPST, a key player in this dynamic market, processes approximately 6% of UPI transactions and is a trusted technology partner to over 100 customers.

NPST, a leading exhibitor at GFF will showcase its latest advancements at stall no G-18- G-23, including:

• IoT-Based In-Car Payments: India’s first UPI-based in-car payment solution, representing a significant leap in connected commerce.
• AI-Powered Risk Intelligence: An advanced predictive risk intelligence platform designed to help merchant acquirers safeguard against increasingly sophisticated threat vectors.
• Payment Platform-As-a Service: An AI-powered unified payments platform for payment aggregators, payment gateway service providers and large merchants to seamlessly process online and offline transactions.
• Digital-Cash Economy Integration: Innovative use cases such as Instant Credit at Checkout, UPI Circle for delegated payments, and QR-based cash withdrawals at local kirana stores, aimed at building an inclusive digital economy.

These innovations align with NPCI’s vision for UPI and are tailored to enhance the usage and payment experience for India’s 424 million UPI users.

Mr. Deepak Chand Thakur, Co-founder and CEO of NPST, commented, “Our theme this year is 'Driving the Next Decade of Payments Disruption.' We are focusing on the future of payments through the lens of responsible artificial intelligence, inclusivity, and resilience. As payments enter the dot.AI decade, new challenges related to risk and data privacy emerge, alongside the need to address the diverse requirements of India’s market segments. Our latest paynovations are designed to help banks and fintechs confidently navigate these challenges while capturing new growth opportunities.”