Lyra Network and plutos ONE Technology have signed a Memorandum of Understanding to collaborate on developing advanced AI-driven and next-generation payment technology solutions. The companies announced these plans ahead of the Global Fintech Fest 2026 in Mumbai, as reported by The Hindu BusinessLine. The proposed collaboration will bring together the technology capabilities, domain expertise and market presence of both companies to explore opportunities across the design, development, implementation and enhancement of innovative payment products and solutions. The partnership will focus on building solutions that are secure, scalable and efficient, while addressing the rapidly evolving requirements of the digital payments ecosystem.
Under the proposed collaboration, Lyra and plutos ONE will explore market integration, deployment, commercialisation and distribution of relevant payment products and technology solutions. The partnership will focus on building solutions that are secure, scalable and efficient, while addressing the rapidly evolving requirements of the digital payments ecosystem. By combining Lyra's payment technology capabilities with plutos ONE's payment infrastructure and ecosystem capabilities in India, the collaboration aims to support a more integrated and customer-centric digital payments environment. As payment ecosystems evolve beyond traditional transaction processing towards intelligent, connected and scalable infrastructure, the collaboration is expected to explore new approaches to improving customer experiences while enabling businesses and institutions to respond to changing payment requirements.
Lyra Network is a global payment technology company providing solutions that enable businesses to securely accept and process digital payments. According to the partnership announcement, plutos ONE is one of the fastest-growing payments infrastructure fintechs, providing a technology stack that supports Bharat Connect for Business, FASTag, National Common Mobility Card and Bank Offers platforms.
Mannoj Varma, co-Founder & Director, Lyra Network, stated that the collaboration would allow the companies to bring together complementary capabilities and explore solutions for emerging requirements across digital payments. As reported by The Hindu BusinessLine, Rohit Mahajan, founder and CEO, plutos ONE Technology, emphasized that the collaboration would combine the companies' infrastructure and ecosystem capabilities with Lyra's payment technology expertise. The collaboration comes as payment infrastructure is expanding beyond transaction processing, with technology providers exploring the use of artificial intelligence and other technologies across payment systems and customer experiences.
