Network People Services Technologies is a banking technology service provider (TSP) and is engaged in providing software and mobility solutions to banking and finance sector primarily focusing on mobile banking applications, digital transaction solutions such as IMPS, UPI, digital wallet, etc. and smart transaction solutions. It is equipped to provide end-to-end services related to payment platforms including mobile banking solutions and are currently rendering its services to Canara Bank, Syndicate Bank, Kerala Gramin Bank, Karnataka Gramin Bank, IBM India and Cosmos Co-operative Bank. The company is also engaged in rendering software service consisting of designing, consulting, development, quality and manpower provisioning under software SDLC.

With a mission to create the largest network of technology enabled merchants / users, the company has developed a digital ecosystem for the cashless economy through its flagship application named and styled as TimePay. It is also registered as Third-Party Application Provider (TPAP) facilitating UPI payment services through TimePay. In this regard, it has entered into Tripartite agreement dated February 05, 2020 with the National Payment Corporation of India, The Cosmos Co-operative Bank for Merchant PSP and Sponsoring company payment handle styled as ‘@TimeCosmos’. Under this mobile application, it has created a digital ecosystem to include society management and merchant digitization, providing digital technology to large, medium and micro setups to transact and operate seamlessly in financial value chain.

Business area of the company

The company’s business is divided in to three verticals

IT Software and Service- Banking and Payments: It is a B2B model where it act as a technology service provider and deliver end–to–end technology solutions in digital payments, smart transaction solutions, development, customization, maintenance & support to its clients in banking & finance sector.

Digital Merchant- Acquisition & Payment Service Provider: This is a B2C model where it digitize offline merchants &housing societies by providing digital payment solution and business services through its TimePay application platform. Its platform is empowered by inbuilt merchant Payment Solution Provider (PSP) application.

Service Aggregation- This is the model where it create a network of citizen service centre to provide multiple services under one roof by providing a single platform to large, medium and small service providers and delivering services at citizen’s doorstep through mobile and kiosk-based solution.

Awards, Accrediations and Recognitions

• 2019: Awarded certificate of appreciation by Maharashtra State Innovation Society for being one of top 100 finalists of Maharashtra Startup week held on 28th Jan to 1st February, 2019.

Key events and milestones

• 2013: Incorporation of the company and commencement of business.
• 2014: Authorized by UIDAI for Aadhaar Card service where with the help of our Merchant network of 2000+ centres, the company generated 59Lac+ number of Aadhaar identification cards.
• 2015: Bagged order for Mobile banking solution for one of the largest public sector Bank - Canara Bank.
• 2015: On boarded IGRS service on merchant platform being Authorized service provider under Department Registration & Stamps, Maharashtra.
• 2017 Partnered with IBM India Private Limited as technology partner for Canara Bank.
• 2017: Appointed by Thane Janata Sahakari Bank as Corporate Agent Institution for Bharat Bill Payment System.
• 2018: The Quality Management System of the company has been assessed and found to be in compliance with the requirements of ISO 9001:2015 for the scope of providing sales, service, trading, distribution, software and mobile solution, merchant service, advertisement and marketing platform, smart transaction and digital payments bearing certificate number GACB4851.
• 2018: Contract Agreement for implementation of unified Payment Interface Solutions with Kerala Gramin Bank & Karnataka Gramin Bank.
• 2019: Bagged first order from Overseas entity for development of wallet solutions.
• 2019: Awarded certificate of appreciation by Maharashtra State Innovation Society for being one of top 100 finalists of Maharashtra Startup week.
• 2020: On boarded as Merchant PSP under NPCI guidelines for UPI Merchant framework sponsored by Cosmos Bank.
• 2020: Conversion from Private Limited Company to Public Limited Company.
• 2020: Launch TimePay Smart Society Solution and Merchant Application Platform.
• 2020: Registered as TPAP for UPI Payments from National Payment Corporation of India (NPCI).
• 2021: Preferential allotment of Rs 2.00 crore to RVCF, a SEBI registered Venture Capital Fund.