India, Oct. 17 -- NPST, the fintech company, has introduced Banking Connect, a new interoperable platform built by NPCI Bharat BillPay. It is an interoperable internet and mobile banking solution that promises to simplify how banks integrate with India's digital payments ecosystem.

The solution enables banks to bypass legacy integrations and adopt a unified framework for internet and mobile banking, promising lower costs, faster onboarding, and improved transaction security.

Traditionally, banks have relied on multiple bilateral integrations with payment gateways, an approach that often leads to high maintenance costs, slow onboarding, and inconsistent customer experiences.

With Banking Connect, banks will now be able to use a single N...