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Welcome to NxtBanking official Press Release section. This page is the central hub for all media announcements, product launches, funding news, and strategic partnership disclosures made by NxtBanking.

NxtBanking is India fastest-growing fintech API platform, empowering banks, NBFCs, fintechs, and enterprise businesses with a robust suite of financial technology solutions. From connected banking payouts and BBPS bill payment APIs to KYC verification, air and bus booking APIs, and digital lending infrastructure, NxtBanking serves hundreds of businesses across India.

Latest Press Releases

Stay updated with our most recent announcements. Each press release contains verified information about NxtBanking growth milestones, technology updates, regulatory compliance achievements, and market expansion activities.

Our press releases cover a wide range of topics important to the fintech and banking ecosystem in India. These include new API product launches, strategic tie-ups with banking partners and payment networks, recognition in leading media publications such as Forbes, Economic Times, Hindustan Times, and top fintech industry reports.

Media and Press Enquiries

If you are a journalist, blogger, analyst, or media professional looking for official statements, data, or spokespeople from NxtBanking, please reach out to our communications team. We are happy to provide interviews, product demos, technical briefings, and background information about the Indian fintech landscape.

NxtBanking is committed to transparent communication with all stakeholders. All press releases are dated, verifiable, and available for republication with proper attribution. We encourage fintech media, startup publications, and banking industry journals to feature our announcements.

For official media enquiries, please contact us through our Contact page or email our PR team directly. We aim to respond to all media enquiries within one business day.

About NxtBanking

NxtBanking (formerly Bankonia) is a leading fintech API and software company based in Lucknow, India. Founded with the vision of democratising financial infrastructure, NxtBanking provides over 18 banking and payment APIs accessible via a single unified marketplace. The company is trusted by fintech startups, cooperative banks, payment aggregators, and enterprise businesses across India for fast, secure, and scalable financial technology integrations.

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 APIs does NxtBanking provide?

NxtBanking provides 18+ fintech APIs on a single platform: Payout (IMPS/NEFT/RTGS/UPI), BBPS Bill Payment, AEPS, UPI Collection & QR, KYC & Identity Verification (Aadhaar, PAN, Bank, Driving Licence, Voter ID, RC), Mobile & DTH Recharge, Domestic Money Transfer, Micro-ATM, Pay-In/Escrow, and Travel (Bus, Hotel, Air, IRCTC).

How long does NxtBanking API integration take?

Sandbox access is available immediately after sign-up. For most APIs, a developer can complete sandbox integration in 2–5 business days. Production go-live, including KYC, compliance review, and bank account setup, takes 7–21 business days depending on the API type.

What support does NxtBanking provide during integration?

NxtBanking provides dedicated technical onboarding (email + video call), comprehensive API documentation with Postman collections and code samples, a sandbox with simulated error scenarios, and email/chat support for integration queries. Enterprise accounts get a dedicated technical account manager.

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.

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.

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