Mumbai: Network People Services Technologies Limited (NPST), a digital banking and payments technology company, has announced the launch of the TimePay Prepaid Card, a smart card that integrates identity linked payments through a custom ERP. For this, NPST has partnered with Infinity Infoway, a ERP provider that processes identity issuance, role definition, approvals, access rights and much more for leading institutions.
This new solutions is aimed at schools, colleges, universities and companies where students, employees and drivers can pay for various services without have to use cash. This approach is aimed at controlling spends, with disbursing and tracking expenses being made easy.
Through the TimePay Card, organisations can enforce rules and regulations easily, while helping them manage a large number of individuals easily.
“Financial inclusion must move beyond access to bank accounts and focus on real world usability. By embedding payments directly into identity credentials, Timepay enables institutions to digitise everyday transactions while retaining control, compliance, and transparency. This partnership with Infinity Infoway reflects our commitment to building payment solutions that are practical, secure, and designed for large scale adoption.” Deepak Chand Thakur, Chief Executive Officer and Co-founder at NPST, said in a press release.
“Together, we aim to build a single identity– based, infinite payments ecosystem for students, employees, and drivers. Infinity’s strong capabilities and large-scale presence in the education ecosystem will enable us to create new milestones and deliver greater value to students, parents, and education management.” Mr. Bhavesh Gadhethariya, Founder and Managing Director of Infinity Infoway, added.
NPST aims to roll this solution across India in a phased manner, starting with pilot tests across certain educational institutions and enterprises, while expanding further gradually based on client requirements.
