Paycraft Solutions Pvt. Ltd.

IT Services and IT ConsultingMaharashtra, India201-500 Employees

Paycraft Solutions Pvt. Ltd. operates in IT services and consulting with a focus on payments, particularly for offline transactions in transit, toll, fuel, and smart city contexts. The company develops and supports a range of open loop payment products, including debit and prepaid platforms, automatic fare collection, and host card emulation, along with card applet development and terminal kernel solutions. Its offerings target banks, transit operators, payment processors, device manufacturers, and other stakeholders seeking interoperable payment solutions and simplified revenue opportunities in public and mobile transit ecosystems.
Based in Maharashtra, India, Paycraft has positioned itself as a partner for open loop card and payment systems and has been active with multiple city-based transit operators in India, handling millions of commute transactions. A notable recent development includes partnerships announced in December 2023 to launch corporate transit cards in collaboration with NSDL Payments Bank and NPCI, signaling expansion of its corporate and open loop card initiatives. The company situates itself in the IT services and consulting space by combining payments expertise with transit-focused solutions aimed at reducing costs and improving passenger convenience across urban mobility projects.

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