India’s Best Fintech Software Company — NxtBanking
NxtBanking, powered by Laraware Pvt Ltd, is India’s first AI-powered fintech software company offering a complete stack of banking APIs, payment solutions, and enterprise software. From AEPS and Payout APIs to white-label banking platforms, we are the technology backbone for 500+ fintech businesses, NBFCs, and enterprises across India.
Why Choose NxtBanking as Your Fintech Software Partner?
When you partner with a fintech software company, you need more than just code. You need reliability, compliance, scale, and innovation. Here’s what sets NxtBanking apart:
- 18+ Banking APIs — AEPS, Payout, BBPS, UPI Collection, Micro ATM, DMT, KYC, and more
- 99.9% Uptime SLA — Enterprise-grade infrastructure with real-time failover
- RBI-Compliant Stack — All APIs built to meet RBI, NPCI, and UIDAI guidelines
- 150ms Average Response Time — Low-latency APIs optimised for high-volume transactions
- White-Label Ready — Launch your own fintech brand on our platform
- Dedicated Support — 24/7 technical support with dedicated account managers
Our Fintech Software Products
1. NxtGateway — Payment Gateway
Our API-first payment gateway supports UPI, credit/debit cards, net banking, and wallets. Integrate in hours, not weeks, with our developer-friendly SDKs and sandbox environment.
2. Payout API — Connected Banking
Disburse funds instantly to any bank account via IMPS, NEFT, RTGS, or UPI. Our Payout API supports bulk payouts, real-time webhook status, and automated reconciliation — ideal for payroll, vendor payments, and cashback distributions.
3. Bill Connect — BBPS API
Connect to India’s Bharat Bill Payment System (BBPS) with a single API. Pay 20,000+ billers including electricity, water, gas, DTH, insurance, and loan EMIs. Perfect for fintech apps, CSC centres, and banking correspondents.
4. UPI Collection API
Collect payments via Static QR, Dynamic QR, and UPI payment links. Our UPI API integrates with all major UPI handles and supports real-time payment confirmation webhooks.
5. AEPS API — Aadhaar-Enabled Payments
Enable cash withdrawal, balance enquiry, and mini-statement at any BC point using biometric authentication. Our AEPS API is compliant with NPCI standards and supports all major banks.
6. KYC & Verification APIs
Automate your onboarding with our suite of KYC verification APIs — PAN, Aadhaar, Bank Account, UPI, Voter ID, Driving Licence, and Vehicle RC verification in real-time.
Industries We Serve
As a full-stack fintech software company in India, NxtBanking powers businesses across multiple sectors:
- NBFCs & Microfinance — Payout, collection, and KYC APIs
- Banking Correspondents (BCs) — AEPS, Micro ATM, DMT, BBPS
- E-commerce & Marketplaces — Payout, refunds, UPI collection
- Insurance — Premium collection, claims payout APIs
- Agri-Fintech — Subsidy disbursement, FPO payment solutions
- Travel & Hospitality — Booking APIs, refund management
- Gig Economy Platforms — Instant payout for drivers, freelancers
Our Technology Stack
NxtBanking’s fintech platform is built on enterprise-grade technology designed for scale, security, and compliance:
- Cloud Infrastructure — Multi-region deployment with auto-scaling
- AI-Powered Fraud Detection — Real-time transaction monitoring and anomaly detection
- 256-bit Encryption — End-to-end TLS encryption for all API calls
- ISO 27001 Compliant — Information security management best practices
- Webhook & Real-time Alerts — Instant status updates for all transactions
- Developer Dashboard — Sandbox, API key management, logs, and analytics
How to Get Started
- Request a Demo — Schedule a free demo with our fintech experts
- API Integration — Get sandbox credentials and integrate with our APIs in hours
- Go Live — Pass our compliance review and go production-ready
- Scale — Grow your transaction volume with dedicated support and SLA
About Laraware Pvt Ltd — The Company Behind NxtBanking
Laraware Pvt Ltd is a Lucknow-based fintech software company founded by Anvesh Tiwari, featured in Forbes India, Economic Times, Hindustan Times, and ET Now. We are on a mission to democratise financial services across India’s Tier 2 and Tier 3 cities using technology.
Frequently Asked Questions
What is a fintech software company?
A fintech software company develops technology solutions for the financial services industry — including payment gateways, banking APIs, KYC platforms, lending software, and more. NxtBanking is one such company, offering 18+ APIs and software products for Indian fintech businesses.
How is NxtBanking different from other fintech software companies in India?
NxtBanking offers an all-in-one fintech API platform — from payment collection and payouts to KYC, BBPS, and travel APIs — eliminating the need for multiple vendors. Our AI-powered infrastructure ensures 99.9% uptime, 150ms response times, and RBI-compliant integrations.
Do you offer white-label fintech solutions?
Yes. NxtBanking’s white-label fintech platform lets businesses launch their own branded fintech product — mobile app, web dashboard, and API suite — powered by our infrastructure.
What is the pricing for NxtBanking’s fintech software?
Pricing is based on your transaction volume and the APIs you need. We offer customised enterprise pricing for high-volume clients. Contact us or request a demo to get a tailored quote.
Is NxtBanking compliant with RBI guidelines?
Yes. All our APIs and software solutions are built in compliance with RBI, NPCI, UIDAI, and SEBI guidelines as applicable. We work with licensed banking partners and payment aggregators to ensure full regulatory compliance.
About This Topic
This page is part of NxtBanking's documentation and product information for Indian fintech teams. NxtBanking provides Payout API, BBPS, AEPS, UPI Collection, KYC, DMT, Recharge, and Travel APIs — all available under one contract with a unified dashboard, sandbox environment, and dedicated technical support. Explore the API marketplace, commercial pillar pages, and developer guides linked from the main navigation. For a compliance-oriented walkthrough or architecture review, book a demo and our team will map your flows to the right rails.
Quick Answers
What is KYC and why is it required in fintech?
KYC (Know Your Customer) is the mandatory identity verification process required by RBI under its Master Direction on KYC. It involves verifying a customer's identity (via Aadhaar, PAN, passport, or other documents) and address before onboarding them for financial services.
What is the difference between KYC and eKYC?
Traditional KYC uses physical document submission and in-person verification. eKYC (electronic KYC) uses Aadhaar OTP or biometric authentication via UIDAI for instant, paperless verification. eKYC is faster, cheaper, and enables digital-first onboarding for fintech apps.
Is NxtBanking RBI-compliant for payment APIs?
Yes. NxtBanking operates through RBI-licensed partner banks for all payment services (IMPS, NEFT, RTGS, UPI) and is NPCI-certified for BBPS, AEPS, and UPI flows. All APIs follow RBI's Master Directions on payment aggregators, KYC, and PMLA obligations. We maintain audit logs, data localisation, and consent frameworks compliant with the DPDP Act 2023.
How does NxtBanking handle API downtime and failover?
NxtBanking uses a connected-banking architecture that links a single API credential to multiple RBI-licensed partner banks. When one bank's rails experience degradation or maintenance, the API automatically routes to the next available bank — with no code change required on the client side. This multi-bank failover is what delivers 99%+ transaction success rates and 99.9% API uptime SLA for enterprise clients.
What does it cost to integrate NxtBanking APIs?
NxtBanking offers pay-as-you-go pricing with no setup fees and no minimum commitment for most APIs. Typical pricing: IMPS/UPI payout ₹3–₹8 per transaction, NEFT ₹1–₹3, BBPS bill payment ₹0.50–₹3, AEPS cash withdrawal ₹2–₹5. Enterprise clients on committed volumes negotiate flat-rate pricing. Sandbox access is free and unlimited. Contact sales for a custom quote based on your expected transaction volume.
Key Terms
- PAN
- Permanent Account Number — a 10-character alphanumeric identifier issued by the Income Tax Department, used for KYC, tax compliance, and financial transaction monitoring.
NxtBanking is India's AI-powered fintech API platform trusted by hundreds of fintechs, BC networks, NBFCs, and enterprise companies. Our unified API marketplace covers payout (IMPS, NEFT, RTGS, UPI), BBPS bill payment with 20,000+ billers, AEPS biometric banking, KYC and identity verification (Aadhaar, PAN, Bank, Driving Licence, Voter ID, RC), UPI collection and QR codes, domestic money transfer (DMT), mobile and DTH recharge, Micro-ATM, and travel APIs — all under one master agreement, one set of credentials, and one consolidated monthly invoice.
Every NxtBanking API is backed by a 99.9% uptime SLA, real-time webhook delivery, a full-featured sandbox environment with simulated error scenarios, comprehensive API documentation with Postman collections and code samples in multiple languages, and dedicated technical onboarding support. Production go-live for most APIs is achievable within 7–15 business days after KYC and compliance review. For enterprise clients requiring custom SLAs, dedicated infrastructure, or white-label platform builds, NxtBanking offers tailored commercial terms with no minimum volume commitment at the pilot stage.