Manipal Payment and Identity Solutions

About Manipal Payment and Identity Solutions

Manipal Payment and Identity Solutions (MPi), previously known as MCT Cards & Technology Private Limited, is a major manufacturer of banking and smart cards in India. Founded in 2008, the company provides end-to-end services to a global client base that includes banks, financial technology companies, and government bodies. MPi is a part of the Manipal Group, which is led by Gautham Pai. The parent company, Manipal Technologies Limited, began in 1941 as Manipal Power Press, a print services provider for banks.

MPi's business model revolves around the complete lifecycle of card services, from design and secure manufacturing to packaging, logistics, and final delivery to the end customer. The company serves over 100 domestic banks and more than 50 global banks and fintechs across regions including the United Kingdom, Europe, the Asia-Pacific, and the Middle East and Africa. Revenue is generated through the provision of these comprehensive card and identity solutions. The firm has received investments from entities such as Amicus Capital India, Bravia Capital, Nuvama Wealth Management, and India SME Investments.

The company's offerings include a wide array of products such as payment cards, smart wearables, cheque solutions, and digital automation. It also provides identification solutions like driving licenses and national IDs, secure solutions including tax stamps and holograms, and smart tagging and IoT solutions. MPi has been noted for its role in the technological transition from magnetic stripe to chip-embedded cards and holds process patents for manufacturing metal cards. Committed to sustainability, the company utilizes eco-friendly materials like recycled PVC in its card production.