Network People Services gains on securing contract to develop digital payment infrastructure in Africa
Network People Services Technologies is currently trading at Rs 2006.70, up by 28.25 points or 1.43% from its previous closing of Rs 1978.45 on the BSE.
The scrip opened at Rs 1849.95 and has touched a high and low of Rs 2014.35 and Rs 1837.55 respectively. So far 4846 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 2430.00 on 30-Apr-2025 and a 52-week low of Rs 1,837.55 on 08-May-2025.
Last one week high and low of the scrip stood at Rs 2042.15 and Rs 1837.55 respectively. The current market cap of the company is Rs 3893.49 crore.
The promoters holding in the company stood at 67.54%, while Institutions and Non-Institutions held 0.32% and 32.15% respectively.
Network People Services Technologies (NPST) has secured a contract to Develop digital payment infrastructure for a Regulated Financial Institute in Africa. This milestone engagement marks NPST’s first major foray into the African market and represents a significant step in the company’s global growth strategy.
The project entrusts NPST with the design and implementation of mission-critical payments ecosystem to enable secure, compliant and scalable platform, the platform will be a key enabler for payments modernization, aimed at promoting innovation and ensuring equitable access to financial services. This engagement reinforces NPST’s reputation as a trusted technology partner for building national-scale digital financial ecosystems. With fast-growing GDP in multiple African economies, the digital infrastructure requirement in continent is on rise and NPST foresee this opportunity as the first of many to come and is expected to catalyse further expansion into additional African and international markets.
As part of the agreement, NPST will develop the platform which will adhere to global standards for interoperability, security and scalability, ensuring robust and future-ready infrastructure taking forward the digital financial ecosystem in the African continent.
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.
